Coca-Cola FEMSA has reported a healthy increase in first-quarter profits, boosted by a “strong” performance in the firm’s sparkling beverage portfolio.
Net profits for the three months to the end of March amounted to MXN2.23bn (US$182m), a 58.3% leap on 2009.
Total revenues increased 4.7% to reach MXN23.60bn.
Operating profit amounted to MXN3.52bn, a rise of 6.4% on the prior year.
“We continued to benefit from the strong performance of our sparkling beverage portfolio, supported by a 6% growth of brand Coca-Cola across our territories. The still beverage category, driven mainly by the Jugos del Valle line of juice-based beverages, grew significantly in our Latincentro and Mercosur divisions,” said CEO Carlos Salazar Lomelin.
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