Market Overview

Grupo Modelo Q1 Profit Rises 5.4%

Mexican brewer Grupo Modelo S.A.B. de C.V. (OTC: GPMCY) reported a 5.4% rise in its first-quarter profit.

Modelo's quarterly profit climbed to 2.259 billion pesos ($176 million), versus 2.143 billion pesos, in the year-ago period.

Grupo Modelo shares closed at $70.95 on Friday.

Posted-In: profitEarnings News

 

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