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LATIN AMERICA: Panamco hit by Venezuelan slump

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The US-based Latin American drinks group, Panamerican Beverages Inc. (Panamco), the region's largest soft drinks bottler, posted second-quarter net income of $32.2m, down 20% from $40.2m in the corresponding period last year. The company attributed the fall principally to disappointing results from its Venezuelan operations caused by adverse economic conditions.


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