CHILE: Embotelladora Andina sees Q2 figures rise
Embotelladora Andina has posted a strong lift in its figures for the second quarter.
The Chile-based Coca-Cola bottler said yesterday (31 July) that operating profit for the three months to the end of June rose by 26.7% on the corresponding period a year earlier, hitting CLP20.25bn (US$38.6m) on the back of a 15.6% climb in net sales to CLP138.9bn.
For the first half of the year, operating profit was up by 17.6% to CLP48.8bn, while sales lifted 12.8% to 296.8bn.
The company credited volume growth, increases in real prices and "positive macro-economic surroundings" for the strong performance.
"For the second quarter of 2007, the company reported satisfactory results," said Andina's CEO, Jaime Garcia. "In terms of volume and cash generation, Andina continues on a path of growth that for this period was mainly driven by our Brazilian operations.
"We are confident that the remainder of 2007 will prove to be a good one for Andina."
Andina operates in Argentina, Brazil and Chile.
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