The Mexican-based soft drink bottler and brewer Femsa is to post a 25% fall in second quarter net profit, according to poll of analysts conducted by the news agency Reuters.
The consensus was that Femsa would see net profit of 1.079 billion pesos (US$103m) down from 1.434 billion pesos a year earlier.
The cost of financing the acquisition of Panamerican Beverages(Panamco) and Panamco’s weaker profitability were blamed for the fall.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Drinks Excellence Awards - The Benefits of Entering
Gain the recognition you deserve! The Just Drinks Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving beverage industry advancements. Don’t miss your chance to stand out—submit your entry today!
Nominate Now
