April 30, 2020 / 12:37 PM / a month ago

Mexico's Femsa says first quarter net profit triples

MEXICO CITY, April 30 (Reuters) - Mexican bottler and retailer Femsa said on Thursday its net profit more than tripled in the first quarter to 7.79 billion pesos ($327.2 million), compared with the same period a year earlier, exceeding analyst estimates.

The Monterrey-based conglomerate's revenue increased 5.5% to 122.28 billion pesos during the January-to-March period, the company said in a statement. ($1 = 23.7980 pesos at end-March) (Reporting by Daina Beth Solomon and Noe Torres)

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