CHILE: Embonor expects 6% sales growth in 2004
Coca-Cola Embonor is expecting its sales in Chile and Bolivia to grow by 6% in 2004, according to general manager Andrés Vicuña.
The company has also managed to drive down costs and is expecting its operational profits to increase by around 20%, Vicuña said. But Embonor has been affected by non-operational losses related to changes in interest rates and exchange rates and the weak performance of investments.
In response, Embonor is negotiating a refinancing of its dollar-denominated debts, which it hopes to complete very soon.
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