Vitro, S.A.B. de C.V. Announces Financial Results for the Third Quarter of 2012
October 28, 2012
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Vitro, S.A.B. de C.V. announced financial results for the third quarter of 2012. For the quarter, the company reported net profit of $30 million (€23.24 million) in the third quarter of 2012, against a loss of $1 million in the same period of the previous year. Sales increased 4.7% driven by larger sales of value-added packaging products and strong sales in the automotive segment.
The company's net debt dropped 27.9% year-on-year to $957 million at the close of the third quarter of 2012.
Vitro, S.A.B. de C.V. is a glass producer in Mexico. The Company, through its subsidiary companies, produces, processes, distributes and markets a range of glass products. It operates through two segments: Glass containers, which includes glass containers, precision components, as well as machinery and molds for the glass industry, and Flat glass, which includes flat glass for the construction and automotive industries, and carbonate and sodium bicarbonate. The Company's products include glass containers, float glass, automotive OEM glass, automotive replacement glass, machinery & equipment, and chemicals. It is also a supplier of raw materials, mold manufacturing, equipment and machinery, and equipment for industrial and chemicals. Through its Containers and Float Glass business units, it serves the cosmetics, perfume pharmaceutical, construction and automotive industries, as well as the chemical, machinery and equipment, and molds industries.
VITRO, S.A.B. DE C.V. 
