MEXICO CITY (Reuters) – Mexico’s Grupo Financiero Banorte reported on Thursday that its third-quarter net profit surged 30% to 11.54 billion pesos ($573.56 million) from the year-ago period.
Revenue for the group, which owns one of the country’s largest banks and pension funds, totaled 29.91 billion pesos in the third quarter, up 24% from a year earlier.
($1 = 20.1271 pesos by end-September)
(Reporting by Carolina Pulice and Aida Pelaez-Fernandez; Editing by Christian Plumb)
