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In call, Servitje updates on B.B.U. integration
date:Jul 31, 2012
gressive pursuit of balance sheet strengthening objectives, Mr. Servitje said.

In the first six months of 2012, the company has paid off 3 billion pesos of liabilities, bringing the companys debt-to-EBITDA ratio to 2.9 times in June, versus 4.1 in December 2011.

Looking forward, Mr. Servitje was cautious about the consumer environment, especially in the United States.

However, we believe growth trends are still moving in the right direction, he said.

Offering an update on the companys major

12/22 05:05