CHILE: Andina toasts rising 2006 income
Embotelladora Andina has posted an impressive climb in net income for 2006.
The Chilean-based Coca-Cola Co. bottler said that net income for the year came in 30% higher than 2005 at US$139.7m.
While, in volume terms, sales registered a 6.6% rise on the year to 415.1m unit cases, sales value increased by 14.8% year-on-year to $1.02bn.
"We are very satisfied with and proud of the results obtained in 2006," said company CEO Jaime Garcia. "Our goals for 2007 will be focused on increasing volumes in the existing markets where Andina operates, as well as developing the non-carbonated product segment."
Andina has operations in Chile, Argentina and Brazil.
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