Mexico's Alpek lowers 2014 core profit expectations
MEXICO CITY, July 15 (Reuters) - Mexican petrochemical company Alpek on Tuesday said it is lowering its 2014 core profit guidance to around $500 million after weak results in the first six months of the year.
Alpek is a subsidiary of conglomerate Alfa , which on Monday said its petrochemical unit put a dampener on results even as autoparts unit Nemak drove a slight increase in overall revenue. (Reporting by Elinor Comlay)
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