April 26, 2018 / 12:47 PM / a month ago

Mexican bottler Femsa's profit falls 78 percent

(Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) (FMSAUBD.MX) said on Thursday first-quarter net profit fell 78 percent, hurt by an increase in the value of the Mexican peso versus the U.S. dollar.

Net profit in the January-to-March period was 1.48 billion pesos ($78.7 million), down from 6.59 billion pesos in the year-earlier period.

    Revenue rose 4 percent to 115.34 billion pesos.($1 = 18.8180 Mexican pesos)

    Reporting by Siddharth Cavale in Bengaluru; Editing by Saumyadeb Chakrabarty

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