companies-featured
Inegi offers directory of Mexico's 4.3 million businesses
Sentido Comun - The National Institute of Statistics and Geography published a directory of Mexican businesses, saying there are 4.3 million in the country. The directory, which lists the business' name, activity, number of employees and contact information, is free online at www.inegi.org.mx.
Comercial Mexicana 2nd Q net profit triples
Reuters - Comercial Mexicana, Mexico's No. 3 supermarket chain by sales, said on Wednesday that its second-quarter net profit tripled from a year ago, as it slowly recovers from its financial troubles. The company, known as Comerci, earned 249.8 million pesos ($19 million) in the April-June period.
Genomma Lab 2nd Q profit surges 86 percent
Dow Jones - Pharmaceuticals company Genomma Lab Internacional said Tuesday its net profit soared 86 percent in the second quarter from a year ago to 228.8 million pesos ($18 million), thanks to higher sales and a financial gain. The company launched 27 products under existing brands in the second quarter, plus six products under new brands.
Femsa's 2nd Q net jumps on sale of beer unit
Reuters - Mexican beverage and retail company FEMSA Monday posted a surprising second-quarter profit surge as it recorded a gain from the sale of its beer business to Dutch giant Heineken. FEMSA's net profit in the second quarter soared to 29.22 billion pesos ($2.26 billion).
www.foxbusiness.com/markets/2010/07/26/update-mexicos-femsa-nd-qtr-net-jumps-beer-unit-sale/
Bank of Mexico bans certain bank charges
Milenio - The Bank of Mexico announced that from today banks and financial institutions will be banned and restricted in charging certain fees to their customers. According to Banxico, 23 percent of bank revenues are received from charges to service users.
Banorte's 2nd quarter profit rises 26 percent
Dow Jones - Mexican banking concern Grupo Financiero Banorte said Thursday its second-quarter net profit rose 26 percent from a year earlier, due to a steep drop in bad loan provisions as well as higher fee and trading revenue.
Alfa's 2nd quarter net is down 15 percent
Reuters - Mexican conglomerate Alfa said on Wednesday its second-quarter net profit fell 15 percent, hurt by higher financing costs and foreign exchange losses, while its sales rose. Monterrey-based Alfa earned 766.11 million pesos ($59 million) in the April-June period.
www.reuters.com/article/idUSN2116846620100721
Vitro presents new restructuring plan to creditors
Sentido Comun - Vitro, Mexico's largest glass manufacturer, said it filed a new plan to restructure its creditor debts without offering details on the new plan. The Monterrey company has submitted two proposals to creditors that have been rejected.
Banorte to offer banking services at 7-Elevens
Dow Jones - Mexico's third-largest banking concern, Grupo Financiero Banorte, said Thursday that it has signed an agreement with 7-Eleven Mexico to offer basic financial services through the more than 1,150 branches of the convenience store chain.
Televisa eyes new airport telecom deal
Reuters - Mexico's top broadcaster Televisa said on Monday it is interested in providing telecommunication services at the Maya Riviera airport the government plans to build south of the popular Caribbean resort of Cancun.
