Mexico's Alfa 1st-qtr net profit drops 41 pct

MEXICO CITY, April 23 (Reuters) - Mexican conglomerate Alfa posted a 41 percent decline in first-quarter net profit on Wednesday due to higher taxes and financial costs amid an acquisition spree.

Alfa (ALFAA.MX: Quote, Profile, Research) said January-March net profit fell to 719 million pesos ($68 million) from 1.217 billion pesos a year earlier as revenue rose 36 percent. ($1 = 10.642 at end March) (Reporting by Chris Aspin; editing by Jeffrey Benkoe)