UPDATE 1-Profit at Mexico’s Penoles tumbles 86.6 pct in 3rd qtr


Oct 28 (Reuters) – Mexican mining company Penoles on Wednesday reported a third-quarter net profit of 155.6 million pesos ($9.19 million), down 86.6 percent from the same period a year earlier as a slump in the peso pushed up costs.

In the July-September period of 2014, the company posted a profit of 1.16 billion pesos.

Sales at the company rose by 11.5 percent to 17.3 billion pesos from the third quarter of 2014.

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