Mexico's Banorte posts 9% profit climb in Q1
MEXICO CITY, April 16 (Reuters) - Mexico's Grupo Financiero Banorte reported on Tuesday a 9% increase in its first-quarter net profit from the year-ago period, hitting 14.208 billion pesos.
Revenue for the group, which owns one of the country's largest banks and pension funds, totaled 37.038 billion pesos in the quarter, up 15% from a year earlier. (Reporting by Kylie Madry; Editing by Valentine Hilaire)