Mexico's Kimber reports higher second-quarter profit
MEXICO CITY (Reuters) - Kimberly-Clark de Mexico, Mexico's leading paper products company, said on Thursday its second-quarter profit rose 18 percent, thanks to greater sales, cost savings and a stronger peso.
The company said in a press release profit rose to 1.2 billion pesos ($92.3 million) from 1 billion pesos in the same quarter last year.
Kimber (KIMBERA.MX), a unit of U.S.-based Kimberly-Clark Corp (KMB.N), said quarterly revenue increased 5 percent to 7.6 billion pesos.
Shares in Kimber, which sells Huggies diapers and Kleenex tissues in Mexico, closed down 1.57 percent at 42.07 pesos on Thursday.
(Reporting by Gabriel Stargardter)