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Mexico's Coke Femsa reports higher 4th-qtr profit
date:Feb 28, 2013
The company, a joint venture of Coca-Cola Co and Mexican firm Femsa, said fourth-quarter profit increased to 4.324 billion pesos ($336 million) from 3.212 billion pesos in the year-earlier period.

Revenue increased 10.4 percent to 39.86 billion pesos.

Coke Femsa has been snapping up smaller bottlers in Mexico in the last two years and it also recently made its first foray outside of Latin America.

Last month the company completed a $688.5 million acquisition of a 51 percent stake in Coca-Cola

12/26 01:21