Total revenues reached Ps 25,177m in the second quarter of 2010, an increase of 4.1% compared to the second quarter of 2009, mainly driven by double-digit total revenue growth in Coca-Cola Femsa’s Mercosur division and a high single-digit total revenue growth in its Mexico division. On a currency neutral basis and excluding the acquisition of Brisa in Colombia, total revenues grew approximately 16%.
Consolidated operating income grew 11.2% to Ps 4,088m for the second quarter of 2010, driven by operating income growth recorded in every division. Operating margin was 16.2% in the second quarter of 2010.
Consolidated net controlling interest income increased 14.8% to Ps 2,480m in the second quarter of 2010, mainly reflecting higher operating income, resulting in earnings per share of Ps 1.34 in the second quarter of 2010.
“Despite recent global economic volatility, our geographically balanced portfolio of franchise territories across Latin America delivered strong results for the quarter,” said Coca-Cola Femsa CEO Carlos Salazar Lomelin. “Our Mexico and Mercosur divisions achieved significant top-line growth, driven by solid volume growth and tactical price increases implemented throughout our operations. Demonstrating its continued strength and consumer popularity throughout our territories, the Coca-Cola brand made a substantial contribution to our company’s incremental volumes.
“We are pleased to serve a growing base of customers and consumers in one of the best markets in which to sell beverages worldwide, Latin America. During the quarter, we paid our shareholders a dividend of Ps 2,612m, an important increase over the preceding year, which extended our track record of rising dividend payments to seven years in a row. We believe that our company has the right tools, talents and capabilities to continue driving our business going forward.”
Source: Coca-Cola Femsa
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