Mexico's Vitro first quarter net profit up sharply on higher sales

Mexican glassmaker Vitro SAB said its net profit grew to $21 million in the first quarter, up from $2 million a year earlier on higher sales and operating profit, according to a May 3 report in The Wall Street Journal.

Vitro, which is in the midst of a controversial debt-restructuring, said Monday its sales in the quarter grew 13 percent to $480 million, with flat glass sales up 3 percent, and glass containers sales 22 percent higher than in the first quarter of 2010, the report states.

600450 Mexico's Vitro first quarter net profit up sharply on higher sales glassonweb.com
Date: 6 May 2011
Source: www.research.tdameritrade.com

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