According to press reports, Mexican glassmaker Vitro SA is likely to report improvements in operating profits and margins for the third quarter of 1998, but the bottom line will be hit by non-cash items. Analysts predicted that foreigh exchange losses would result in a quarterly net loss. Expectations for the third quarter of 98 are as follows: net sales of Pso 6.078bn (Pso 5.688); operating profits are predicted at Pso 1.036bn (Pso 960m) and net loss is at Pso 759m (profit Pso 1.319bn). However, the company predicted it would fall short of its US$200m/year investment plant for 1998 and 1999, due to global financial uncertainty. Company officials said the company would probably finish 1998 with investments between US$170m and US$180m and invest a similar amount in 1999.
