Mexico’s FEMSA reports 12.7% drop in first quarter earnings By Reuters


© Reuters. The logo of Mexico’s Coca-Cola FEMSA, the world’s biggest Coke bottler, is pictured at its headquarters in Monterrey, Mexico, August 19, 2018. Picture taken August 19, 2018. REUTERS/Daniel Becerril

MEXICO CITY (Reuters) – Mexican bottler and retailer Femsa, one of the world’s largest Coca-Cola (NYSE:) producers, on Monday posted a 12.7% decrease in net profit in the first quarter of 3.99 billion pesos ($200 million).

Company revenue reached 147.6 billion pesos in the first quarter, a 18.6% year-over-year increase.

($1 = 19.8911 pesos at end-March)

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