Vitro Earns Praise For Profit Warning

Vitro, Mexico's largest glass manufacturer, has warned that profits in the second quarter will be hit by recent turmoil in the financial markets, a problem that will be shared by other companies with large dollar debts. Industry analysts applauded the company for issuing the profits warning, however. "It's unusual for any company in Mexico. It reflects the seriousness with which they take investor relations," said Bond Snodgrass, conglomerates analyst at SBC Warburg Dillon Read in Mexico City.