14 May 1998: Mexican glassmaker Vitro SA said its net profit for the first quarter was Pso 60.1 million, compared to Pso 553.9 million a year earlier. Earnings per share in the quarter fell to Pso 0.1…
14 May 1998: Mexican glassmaker Vitro SA said its net profit for the first quarter was Pso 60.1 million, compared to Pso 553.9 million a year earlier. Earnings per share in the quarter fell to Pso 0.17 from Pso 1.54 in 1997, the company said in a statement. Revenues were Pso 5.10 billion, 2.1% above the first quarter in 1997. Operating profit was 908.1 million pesos in the period, a 1.1% increase. “Operating cash flow was Pso 1.27 billion, a 3.7% rise from the same quarter a year ago,” the company said. In its report to the Mexican Stock Exchange, the company said its integral financing cost was Pso 541.56 million for the quarter, versus Pso 188.56 million. Vitro said it paid Pso 491.27 million in interest in the quarter, while earning Pso 8.23 million. Foreign exchange losses totalled Pso 584.48 million while monetary gains were Pso 525.96 million. The company said its exports rose 9.2% to a total US$ 165.9 million in the quarter.