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Grupo Modelo Q4 Profit Down 2%

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Benzinga's M&A Chatter for Thursday January 31, 2013

Mexican brewer Grupo Modelo (OTC: GPMCY) reported a 2% drop in its fourth-quarter profit.

Grupo Modelo's quarterly profit fell to 3.47 billion pesos ($270 million), from 3.54 billion pesos, in the year-ago quarter.

Grupo Modelo shares closed at $88.00 on Friday.

Posted-In: profitEarnings News

 

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