Mexico’s FEMSA experiences 12.7% drop in Q1 earnings, income grows By Reuters


© Reuters. The brand of Mexico’s Coca-Cola FEMSA, the world’s largest Coke bottler, is pictured at its headquarters in Monterrey, Mexico, August 19, 2018. Image taken August 19, 2018. REUTERS/Daniel Becerril

MEXICO CITY (Reuters) -Mexican bottler and retailer Femsa posted a 12.7% lower in first-quarter web revenue Monday, tallying 3.99 billion pesos ($200 million) because it was harm by the depreciation of the Mexican peso.

Quarterly income for the corporate rose 18.6% year-over-year to 147.6 billion pesos pushed by a development in all of its enterprise models.

The corporate’s subsidiary, Coca-Cola (NYSE:) FEMSA, reported a 14.6% improve in quarterly income final week. The corporate attributed the features to quantity development and worth initiatives in its earnings report.

Femsa and Coca-Cola Femsa have been named a few of the most-attractive shares on Mexico’s most important inventory trade for 2022 in a March analysts word from Mexico’s Monex.

($1 = 19.8911 pesos at end-March)


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