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Non-Tech : GTR Groupo triebasa.. Look at the chart.. A winner

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To: JDGarza who wrote (188)	10/29/1999 7:03:00 AM
From: Amadeo Mendez-Vigo	Read Replies (1) of 214

More bad News...... Friday October 29, 2:35 am Eastern Time Mexico's Tribasa says Q3 backlog slipped 8.5 pct MONTERREY, Mexico, Oct 28 (Reuters) - Mexican builder Grupo Tribasa (NYSE:GTR - news) said on Thursday its backlog, or projects pending, fell 8.5 percent by the end of September compared with the end of the previous quarter. Tribasa said its backlogs totalled $821 million. Compared with September last year, the backlogs fell 32 percent. One of Mexico's biggest builders, Tribasa has won projects in Chile and Argentina but has suffered cash flow problems that have led to delays in carrying out works. Tribasa said 37 percent of its works pending related to road building abroad, including a highway from Argentina to Chile. In Mexico, 34 percent of its backlog referred to industrial projects, including contracts to modernise two refineries belonging to Mexican state oil monopoly Pemex in Cadereyta and Madero. Tribasa said that by the end of September it was also awaiting financing to conclude projects worth $781 million, its ''shadow backlog.''

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