Beer volumes in Mexico may recover, exports too
in
Businesses
Posted October 26th, 2009 at 5:04 pm
Beer volumes in Mexico may recover, exports too
MONTERREY, Mexico, Oct 26 (Mexico Beer News) - Mexican brewer and bottler FEMSA is expected to post a 29 percent jump in third-quarter net profit on the back of solid soft drink sales and expansion from its Oxxo convenience stores.
four analysts forecast that FEMSA
(FMSAUBD.MX) (FMX.N) earned, on average, 2.604 billion pesos
($193 million) in the July-September period, compared with
2.020 billion pesos in the same quarter of last year.
"On...
FEMSA sees government tax proposal hurting beer industry
in
Mexico
Posted September 29th, 2009 at 8:57 pm
FEMSA sees government tax proposal hurting beer industry
* FEMSA sees beer price hike of 11 pct if tax plan passes (Adds Borrego quote, background, details throughout, byline)
MEXICO CITY, Sept 29 (Reuters) - Mexican brewer and bottler FEMSA would be forced to raise its beer prices by 11 percent if a government plan to raise taxes is approved, Genaro Borrego, the company's head of corporate affairs, said on Tuesday.
"It's an excessive proposal," Borrego said. "The proposal would mean t...
