Companies / Mexico
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FEMSA Posts Healthy Earnings, With Coke As The Weak Link
March 2007 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Mexico-based FEMSA (Fomento Economico Mexicano) has posted a healthy rise in sales and earnings for 2006. Overall, operating income rose 6%, to US$1.6bn, driven by a 13% increase in revenues. The group saw growth in each of its three business sectors: beer, soft drinks and retail. Beer sales in Mexico performed particularly well, rising by 7%, as did beer exports, which rose by 15%. Retail operations, though, outperformed all others, with sales up by almost 20%. These come from its OXXO Comercial convenience-store chain, the largest in Latin