Mining giant Grupo Mexico posts 16% drop in Q1 net profit-October 2024-www.financetom.com

Mining giant Grupo Mexico posts 16% drop in Q1 net profit

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Mining giant Grupo Mexico posts 16% drop in Q1 net profit

Apr 25, 2024 8:32 AM

MEXICO CITY, April 25 (Reuters) - Mining and transport

conglomerate Grupo Mexico reported on Thursday a 16% drop in its

first-quarter net profit, falling to $928.5 million.

Revenue for the major global copper producer, which also

operates sprawling freight railroads in Mexico, slid 1.6% in the

quarter to total $3.8 billion.

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