Home > News > Industry News > Mexico's Vitro 2Q net profit $62M vs $5M year ago

Mexico's Vitro 2Q net profit $62M vs $5M year ago

Post Time:Jul 29,2009Classify:Industry NewsView:169

Mexican glass manufacturer Vitro SAB (VTO) said Tuesday [July 28]that its second-quarter net profit rose to $62 million from $5 million a year ago on lower financial costs, while sales and operating profits were lower.

Vitro said in a press release that sales fell 36% to $464 million, with flat glass sales down 35.1 percentto $210 million and glass container sales down 36.4 percentto $249 million.

Operating profit fell 42 percentto $25 million, while earnings before interest, taxes, depreciation and amortization, or EBITDA, fell 33 percentto $57 million, according to a July 28 report in The Wall Street Journal.

Read full article

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/mexicos-vitro-2q-net-profit-62m-vs-5m-year-agoAuthor:

Hot News