MEXICO CITY, July 23 (Reuters) - Mexico's Grupo Financiero Banorte said on Thursday that net profits dropped by 25% in the second quarter to 6.5 billion ($283.9 million) pesos compared to the same period a year earlier.

The group also reported a 8% increase in total revenues over the period to 26.6 billion pesos.

($1= 22.9570 pesos at end-June) (Reporting by Noe Torres)