Coca-Cola Femsa revenues increased by 29.7%

This performance is the result of double-digit overall revenue growth in each division and the integration of Grupo Tampico and Grupo Cimsa.

Coca-Cola Femsa recorded positive results in the first quarter of this year, reporting a 29.7% increase in revenue compared to the same period in 2011, or 33.542 million pesos.

This performance is the result of double-digit overall revenue growth in each division and the integration of Grupo Tampico and Grupo Cimsa into the Mexican business.

The company reported total sales of 703 million unit cases in the period January-March 2012, implying an increase of 16.2% at an annual rate, according to financial reports presented to the Mexican Stock Exchange (BMV).

Coca-Cola Femsa had a net profit of 2,747.1 million pesos in the mentioned months, more than 2,317.8 million pesos reported in the first quarter of last year.

Meanwhile, reported consolidated operating profit rose 13% to four thousand 314 million pesos in the period, the company revealed.

The company’s CEO, Carlos Salazar Lomelín, indicated that “in an environment of continued pressure on raw material costs, the capability of our operators continued to strengthen our competitive position, generating double-digit revenue and profit growth in the first quarter of 2012.”

As of March 31, the short-term debt of Coca-Cola Femsa Bank was 2.155 million pesos, while the long-term debt was 16.160 million pesos.

Total debt decreased by four thousand 202 million pesos compared to the end of 2011, while net debt decreased by three thousand 411 million pesos compared to the end of last year.

Source: Notimex


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