G-Mex’s Profit Jumps

Mining and metals giant Grupo Mexico (G-Mex) reported net earnings of $251 million for the first quarter of 2005, a 51 percent increase year-on-year. G-Mex’s consolidated earnings for the quarter were $1.25 billion, up 43 percent. The company is currently planning a three-for-one share split to boost its liquidity on the Mexico City stock exchange.