Femsa’s net sales up 8.5%
Fomento Economico Mexicano, S.A. de C.V. and Subsidiaries ("FEMSA"), Latin America’s largest beverage company, reported consolidated net sales of Ps. 10.850 bn for the first quarter of 2001, an increase of 8.5% over the first quarter of 2000. Consolidated revenue growth was driven by revenue growth in each of FEMSA’s principal divisions - FEMSA Cerveza and Coca-Cola FEMSA. Sales volume for FEMSA’s beer products posted a growth rate of 12.2% for the first quarter of 2001 as FEMSA Cerveza had raised prices gradually and selectively in different regions of Mexico throughout the quarter as opposed to the one-time increase implemented in early January in previous years. Soft-drink volumes increased by approximately 3. FEMSA’s retail and packaging subsidiaries also posted revenue growth of 21..
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