Mexican multinational conglomerate Alfa said that it expects continued net losses in 2022


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.

Sources: Wikipedia | ALFA

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