MEXICO CITY Feb 28 Mexico's Jose Cuervo , the world's biggest tequila maker, reported a 48.5 percent slump in profit in the fourth quarter of 2016 compared to the year earlier period, the company said.
The company, officially known as Becle SA de CV, posted a quarterly profit of 629.1 million pesos ($30.5 million) in the October to December period, compared to 1.221 billion in the fourth quarter of 2015.
Cuervo went public earlier this month. ($1 = 20.64 pesos) (Reporting By Alexandra Alper and Veronica Gomez)
UPDATE 2-U.S. charges Penn West Petroleum, ex-executives with accounting fraud
WASHINGTON, June 28 U.S. securities regulators on Wednesday filed civil accounting fraud charges against Canada-based oil and gas company Penn West Petroleum Ltd and several of its former top finance executives.