A poll of market analysts by Reuters, projects that Grupo Mexico's profits for 1st quarter of 2010 will be almost 20 times their profit from a year ago; up from $19 million to $383 million. The dramatic increase is attributed to the company's acquisition of Asarco and the large rise in copper prices. [right, Asarco's Mission mine, Arizona. Credit, Asarco]From Reuters:
JAN-MARCH JAN-MARCH PERCENTAGE
2010 2009 CHANGE
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Revenue $1.811 bln $824 mln + 120 pct
EBITDA* $ 926 mln $277 mln + 234 pct
Net profit $ 383 mln $ 19 mln +1,916 pct