Sigma Posts Revenue Rise

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Mexican conglomerate Alfa has posted a fourth quarter loss of MXN9.62bn (US$696mn) due to a US$770m loss from exchange and derivatives trading. However, the firm's chilled food unit Sigma, which is one of four divisions along with petrochemicals, automobile components and telecommunications that had a successful quarter with sales up by 10% and income up by 18% compared to the same period a year ago. This performance has been driven by new product launches, acquisitions and greater market penetration along with the continued long-term move towards convenience food options among the Mexican