Sales up again

Grupo Modelo’s total shipments in the first half of the year reached 18.0 million hl, growing 3.0% compared to the same period 1999. This was mainly achieved by a 3.2% increase in domestic volume and a 2.3% growth in export shipments. Export volume for the first half 2000 accounted for 24.9% of the total volume compared to the 25.1% registered last year. Net sales were 13,897 million pesos, up 5.9%. However, during the second quarter, total shipments of beer grew only 0.9%, representing a 1.4% increase in the domestic market and a 0.5% decrease in exports. In effect, second quarter sales were 7,632 million pesos, a 4.2% rise over II-99. Earning per share were 0.88 pesos compared to 0.93 pesos to the first half of 1999.