Mexico's Vitro Posts 94 pct Jump In Quarterly Net

Leading Mexican glass maker Vitro posted a 94 percent jump in fourth-quarter profit on Monday, buoyed by an asset sale and lower financial costs.

Vitro said its bottom line for the October-December period was 363 million pesos ($34 million), compared to 187 million pesos in the year-ago quarter.

In December, Vitro sold one of its properties in a program to reduce its weighty debt.

Read the entire news on the source link below.

600450 Mexico's Vitro Posts 94 pct Jump In Quarterly Net
Date: 12 March 2007

See more news about:

Others also read

SOLARBAN 90 glass available on performance-tinted glasses from Vitro Architectural Glass (formerly PPG Glass).
Vitro has successfully concluded the acquisition of the flat glass business from PPG.
PPG announced that it has completed the sale of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V.
Vitro announced that the Company’s shareholders approved the acquisition of the assets of PPG’s Flat Glass Business for USD $755 million.
PPG announced that Andre Kenstowicz has joined the flat glass marketing team as regional architectural manager for the Pacific Northwest, covering Washington, Oregon and Idaho.
Vitro, S.A.B. de C.V. , hereinafter “Vitro” or the “Company”, the leading glass producer in Mexico, announced the signing of a contract to acquire the assets of the flat glass business from PPG.

Add new comment