The Mexican soft drinks and beer producer Femsa yesterday posted a 18.1% rise in third-quarter net profits of 1.045 billion pesos (US$93m).
The company, which is the world’s second largets bottler of Coke products, was boosted by its recent acquisition of Panamerican Beverages (Panamco), which helped revenues rise 127% to 20.783 billion pesos.
“We are very pleased with these results given the unfavorably rainy summer in Mexico and the increasingly competitive landscape in our soft drinks operations,” Femsa’s chairman and CEO Jose Antonio Fernandez said in a statement.
“Overall performance will benefit with the gradual recovery of demand for consumer products in the Mexican market,” he said.
