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Mexico's Orbia reports drop in third-quarter profit, revenue

MEXICO CITY, Oct 23 (Reuters) - Mexican plastic pipe and chemicals company Orbia on Wednesday reported a 7.2% fall in third-quarter net profit to $76.5 million, compared with the same period last year.

The Mexico City-based conglomerate, formerly known as Mexichem, also reported that revenues fell by about 2% to $1.7 billion over the same period.

(Reporting by Noe Torres; Writing by Stefanie Eschenbacher Editing by Leslie Adler)