MEXICO CITY Oct 24 Latin America's biggest Coke
bottler, Coca-Cola Femsa, said on Thursday third-quarter profit
fell 17 percent despite higher revenue as it spent more on
marketing as well as labor and freight costs.
The company , a joint venture between
Coca-Cola Co and Mexican retailer Femsa,
reported profit of 2.954 billion pesos ($225 million) for the
July-September period, down from 3.543 billion pesos in the same
period a year earlier.
Operating income fell 7.7 percent to 5.063 billion pesos,
hurt by higher labor and freight costs in South America and
continued marketing investments.
Revenue rose 3.6 percent to 37.5 billion pesos.
Sales volumes were up 4.7 percent in the quarter, helped by
Coke Femsa's expanding line of non-carbonated beverages
including juices, Powerade and Fuze Tea, as well as bottled