Mexico's Desc To Report Operating Loss - Brief Article

Autoparts Report, Jan 3, 2003

Mexican conglomerate Desc SA said that it expects to report sales of $440 million for the fourth quarter. In a filing with the Mexican Stock Exchange, Desc said that it will also likely report an operating loss of around 2.5 percent of sales, or $11 million.

Lower sales in Desc's auto parts division during the period, due to weakness in the U.S. and Mexican markets, will likely drag down the company's results, Desc said.