Mexico's Gruma 3rd-qtr net profit jumps 83 percent
MEXICO CITY Oct 22 (Reuters) - Mexican corn miller and tortilla maker Gruma said on Wednesday that its third-quarter net profit rose 83 percent due reduced financial costs and lower raw material costs.
The company reported a net profit of 1.15 billion pesos ($86 million) in the July to September period, compared with 631 million pesos for the same period last year, according to a filing with the Mexican stock exchange.
Revenue for the quarter rose less than 1 percent on the year to 12.67 billion pesos.
Gruma shares had closed 0.92 percent higher at 149.65 pesos before the company reported its results.
($1 = 13.4235 Mexican pesos at end-Sept.) (Reporting by Christine Murray; Editing by Alan Crosby)
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