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@ Layer3.news
2025-02-28 22:10:47
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MEXICO'S FEMSA NET PROFIT DOUBLES IN FOURTH QUARTER, SHARES SURGE
https://media.zenfs.com/en/reuters-finance.com/24bcad77cc0676b6bb5a2d7dce38a452
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✍️ FEMSA, Mexico's largest Coca-Cola bottler, reported a significant increase in net profit for its fourth quarter, driven by strong business operations and favorable foreign-exchange conditions.
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👉 FEMSA reported a net profit of 6.79 billion pesos ($325 million) for its fourth quarter, a more than double increase compared to the same period last year.
👉 The company's strong performance across its business operations and favorable foreign-exchange conditions contributed to the increase.
👉 FEMSA has successfully completed most of its planned divestments as part of its strategy.
👉 The company will propose a capital return to shareholders through a 4.2% increase in ordinary dividends, an additional extraordinary dividend, and share repurchases representing 2.9% of its market capitalization in 2025.
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#JoseAntonioFernandezCarbajal #MexicoCity #business
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