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MEXICO: Femsa net profit falls 22% in third quarter

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The Mexican brewer and soft drinks bottler, Fomento Economico Mexicano (Femsa), posted a net profit of MXN602m for the third quarter, representing a 22% fall from last year and well below analysts' forecasts. The company said it had decided to take a more conservative accounting approach because of the deteriorating economic conditions in Argentina.


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