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Mexico’s FEMSA reports 12.7% drop in first quarter earnings -Breaking

by Mike Robinson

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© Reuters. Pictured at the headquarters of Mexico’s Coca-Cola FEMSA in Monterrey (Mexico), August 19, 2018, is the logo. Picture taken August 19, 2018. REUTERS/Daniel Becerril

MEXICO CITY, (Reuters) – Mexican retailer and bottler Femsa posted a 12.7% drop in net profits in the first quarter at 3.99 billion Pesos (200M)

The company’s revenue increased by 18.6% in the first quarter to 147.6 Billion Pesos.

($1 = 19.8911 pesos at end-March)

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