
Please try another search
MEXICO CITY (Reuters) -Mexican bottler and retailer Femsa posted a 12.7% decrease in first-quarter net profit Monday, tallying 3.99 billion pesos ($200 million) as it was hurt by the depreciation of the Mexican peso.
Quarterly revenue for the company rose 18.6% year-over-year to 147.6 billion pesos driven by a growth in all of its business units.
The company's subsidiary, Coca-Cola (NYSE:KO) FEMSA, reported a 14.6% increase in quarterly revenue last week. The company attributed the gains to volume growth and price initiatives in its earnings report.
Femsa and Coca-Cola Femsa were named some of the most-attractive shares on Mexico's main stock exchange for 2022 in a March analysts note from Mexico's Monex.
($1 = 19.8911 pesos at end-March)
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.