Miner Grupo Mexico Q1 net soars to 4.482 bln pesos

MEXICO CITY, April 30 (BestGrowthStock) – Copper miner Grupo Mexico
said on Friday it earned 4.482 billion pesos ($362 million) in net
profit in the first quarter, a huge jump from last year on the
incorporation of Arizona-based company Asarco and better metals
prices.

The largest copper miner in Mexico said sales were 24.775
billion pesos compared to 12.508 billion pesos in the same
quarter last year. The company reports in Mexican pesos to the
local stock exchange.

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($1=12.387 pesos as of end March)

(Reporting Mica Rosenberg and Jason Lange)

Miner Grupo Mexico Q1 net soars to 4.482 bln pesos