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MONTERREY, July 19 (Reuters) - Mexican conglomerate Alfa on Tuesday cut its 2016 sales forecast by 0.5 percent to $16.170 billion while raising its outlook for earnings before interest, taxes, depreciation and amortization this year by more than 1 percent to $2.371 billion.
Alfa filed the update in a statement with the Mexican stock exchange. On Monday, Alfa posted a sharp drop in profits in the second quarter. (Reporting by Gabriela Lopez; Editing by Bernard Orr)