Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Arca Continental Q1 Profit Rises

Coca-Cola bottler Arca Continental, S. A. B. de C. V. (EMBVF.PK) Friday posted higher net profit for the first quarter reflecting increased revenue for the period, primarily led by a sales rise in North America.

For the quarter, the company reported net income of 1.09 billion peso, up 11.3 percent from 979 million peso last year.

Revenue for the quarter was 13.375 billion peso, up 8.3 percent from 12.35 billion peso a year back. Net sales in North America for the quarter was 9.989 billion peso, up from 9.144 billion peso last year.

Commenting on the results, Francisco Egloff, CEO of Arca Continental said, "During the first quarter of 2013 we continued to focus on satisfying our clients and consumers while increasing the efficiency of our operations, which translated into improved profitability with EBITDA up 16.8 percent versus last year. The actions that had the most impact were the optimization of our pricing structure, cost improvements and perfecting our execution at the point of sale; combined, these steps enabled us increase our market share and strengthen our leading position in the various categories and territories in which we participate."

Click here to receive FREE breaking news email alerts for ARCA CONTINEINTAL SA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections. Stocks are showing a lack of direction in early trading on Friday after ending the previous session sharply higher. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves. While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.