October 26, 2018 / 12:42 PM / a month ago

Mexico's Femsa reports 3rd qtr profit slips 86 percent

MEXICO CITY, Oct 26 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano said on Friday its third quarter net profit fell nearly 86 percent compared with the year-earlier period.

Net profit in the July-to-September period for the company, known as Femsa, was 4.7 billion pesos ($250.7 million). Revenue rose nearly 8 percent compared with the prior-year quarter to 118.4 billion pesos. (Reporting by Daina Beth Solomon)

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