Grupo Mexico net profit rises to $844m in third quarter

Mining giant Grupo Mexico, one of the world’s largest copper producers, on Wednesday said its net profit rose in the third quarter by 7.9% to $844 million compared with the same period a year earlier.

The company also reported a 28.9% increase in revenue year over year, to $3.65 billion.

Grupo Mexico’s shares fell 2% after the results was released early Wednesday.

(By Noe Torres and Laura Gottesdiener; Editing by Mark Porter)