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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.