Vitro says profit rises to $88 million on revenue gains

Bloomberg
May 1, 2012
FABRICATION : BUSINESS

Vitro SAB, the Mexican glassmaker that defaulted three years ago, posted a 14 percent gain in earnings before interest, taxes, depreciation and amortization in the first quarter, as sales increased in the company’s automotive, construction and bottle markets, according to an April 30 Bloomberg report. EBITDA was 1.14 billion pesos ($88 million), compared with 998 million pesos a year earlier, according to the article.

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