logo
Share SHARE
FONT-SIZE Plus   Neg

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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
US Steel Corp. (X) Tuesday said it will "adjust operations" and temporarily idle a part of its Minntac plant in Mt. Iron, Minnesota, effective June 1. According to reports, the move would see about 700 employees laid off. The company said the decision was due to its current inventory levels and ongoing... Hewlett-Packard Co. (HPQ) has filed a lawsuit against Michael Lynch, the co-founder of Autonomy Corp., and its former Financial Chief Sushovan Hussain for a whopping $5.1 billion alleging that the executives misrepresented the financial situation of Autonomy. An HP's spokeswoman confirmed that the... Nine acres of green grass with 400 trees and a half-mile-long walk way. We are not talking about any park, but the expansive rooftop of Facebook's new office. The 430,000 square feet office is a single room and it might be the largest open floor plan in the world.
comments powered by Disqus
Follow RTT