Copper prices, output drive Grupo Mexico profit jump

Mining and transport conglomerate Grupo Mexico reported a 34% increase in second-quarter net profit on Monday, fueled by higher copper prices and mining output.

Net profit of $1.122-billion topped the average estimate of analysts polled by LSEG for $952.6-million. Revenue rose 27% to $4.397-billion in the quarter, beating analyst expectations for $4.09-billion.