22 October 1998: According to a recent press report, Mexican glassmaker Vitro SA is likely to report improvements in operating profits and margins for the third quarter, but the bottom line will be hi…
22 October 1998: According to a recent press report, Mexican glassmaker Vitro SA is likely to report improvements in operating profits and margins for the third quarter, but the bottom line will be hit by non-cash items. Analysts have predicted that foreign exchange losses would result in a quarterly net loss. Expectations for the third quarter of “98 are as follows: net sales of Pso 6.078 billion compared with Pso 5.688 billion reported in the same period a year earlier. Operating profits are predicted at Pso 1.036 billion compared with Pso 960 million. Net loss is at Pso 759 million compared with a profit of Pso 1.319 billion.