Grupo Modelo Q4 Profit Down 2%
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.
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