Femsa, which produces the Tecate, Sol and Dos Equis beer brands, and also owns 51% of Coca-Cola Femsa (KOF), Mexico’s largest Coke bottler, posted sales revenues of MXN13.372 billion, up 4.9% from last year.
MEXICO: Femsa operating profit up 13% in second quarter
The Mexican brewer and soft drinks group, Fomento Economico Mexicano (Femsa), reported operating profit before interest and taxes for the second quarter of 2002 of MXN2.733 billion, 13% up on the second quarter of 2001 and ahead of analysts' predictions.
July 29, 2002