MEXICO CITY: Grupo Dina Reports Second Quarter 2000 Financial Results
Consorcio G. Grupo Dina, S.A. de C.V. ("DINA"), (NYSE: DIN, DIN.l), a leading Latin American producer of trucks today released financial results for its second quarter ended June 30, 2000. Due both to the earlier divestiture of a 61% equity stake in its former subsidiary, MCII Holdings, whose results are no longer consolidated with those of Grupo Dina, and weakness in the North American truck market, Dina recorded a substantial decline in sales and a net loss of 296 million Mexican pesos.
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