(Adds details on profits, sales)
MEXICO CITY, April 26 Mexico's Coca-Cola Femsa
, the world's largest Coke bottler, said on Wednesday
its first-quarter net profit rose nearly 146 percent, boosted by
strong sales in Brazil and the Philippines.
The company said in a statement that its net income was
5.887 billion pesos ($314 million) compared to 2.398 billion
pesos in the same quarter last year.
The quarterly result was above expectations for a net profit
of 2.478 billion pesos, according to Thomson Reuters I/B/E/S.
Sales rose more than 38 percent to 51.357 billion pesos from
37.097 billion, the company said, noting it gained from
favorable exchange rates in the Brazilian real and Colombian
peso versus the Mexican currency.
The first quarter included for the first time sales from the
Vonpar unit in Brazil as well as operations in the Philippines
as of February.
($1 = 18.7275 on March 31)
(Reporting by Michael O'Boyle; Editing by Paul Simao)