Mexico’s Alfa forecasts continued net losses in 2022-document
MEXICO CITY, Feb 16 (Reuters) – Mexico’s Alfa said that it expects continued net losses in 2022, according to a forecast published by the company on Wednesday.
The conglomerate, which owns petrochemical group Alpek and telecommunications firm Axtel, posted a net loss of 3.5 billion Mexican pesos ($171 million) for the fourth quarter of 2021 on Tuesday.
($1= 20.5075 Mexican pesos at end-December
About Grupo Industrial Alfa S.A.B de C.V (Alfa)
Alfa is a Multinational conglomerate company
Alfa S.A.B. de C.V., also known as Alfa or Alfa Group, is a Mexican multinational conglomerate headquartered in Monterrey, Mexico. ALFA is a diversified group of businesses, mainly industrial, that produces petrochemicals, aluminum auto components, and refrigerated foods.