Total revenues for the first nine months of 2002 rose by 6.6% to MXN9.168 billion while gross profit increased by 9.2% to MXN5.302 billion. Operating income rose by 14.4% to MXN1.068 billion. EBITDA for the first nine months was 13.6% up at MXN1.546 billion.
MEXICO: Pepsi-Gemex posts net loss in Q3
Mexican soft drinks bottler, Pepsi-Gemex, posted a net loss of MXN20m in the third quarter to the end of September 2002, against a net profit of MXN1m in the corresponding period last year. Sales revenues at the company rose from MXN3.043 billion to MXN3.098 billion but operating profit fell from MXN312m to MXN283m.