Vitro Sees 17% Q4/08 Sales Drop

Mexican glassmaker Vitro reported on a "difficult" fourth financial quarter as it saw a 17.7% drop in consolidate net sales. Both glass container and flat glass sales fell by 18.5% and 17% respectively. Commenting on the results, CEO Hugo Lara said: "This was a difficult quarter for Vitro as the worldwide recession and tight credit markets clearly impacted results."

Author
Un-named
Origin
Unknown
Journal Title
Glass Int April 2009 10
Sector
News Items
Class
N 2310

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Vitro Sees 17% Q4/08 Sales Drop
Glass Int April 2009 10
N 2310
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