FX Losses Hit Mexican Co.

Mexican conglomerate Alfa posted a fourth-quarter loss of USD696 million, thanks in part to a combined USD700 million loss from currency and foreign exchange derivative losses.

  • 30 Jan 2009
Mexican conglomerate Alfa posted a fourth-quarter loss of USD696 million, thanks in part to a combined USD700 million loss from currency and foreign exchange derivative losses. Alfa explained in its quarterly report that more than half its revenues are generated outside Mexico in currencies other than the peso. ...

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