Alfa´s Net Soars

Mexican industrial conglomerate Alfa posted a net profit $172 million in the second quarter, up 65 percent year-on-year. Revenue rose 22 percent to $1.6 billion. The company attributed the gains to increased sales of petrochemicals, refrigerated products, and aluminum auto components. The results include sales from steel unit Hylsamex, which Alfa has agreed to sell to Argentina´s Techint.