Fomento Economico: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

MONTERREY N.L., Mexico (AP) _ Fomento Economico Mexicano SAB (FMX) on Monday reported a fourth-quarter loss of $60.6 million, after reporting a profit in the same period a year earlier.

The Monterrey N.l., Mexico-based company said it had a loss of 17 cents per share.

The Coca-Cola bottler posted revenue of $6.35 billion in the period.

For the year, the company reported a loss of $90.5 million, or 27 cents per share, swinging to a loss in the period. Revenue was reported as $23.12 billion.

Fomento Economico shares have dropped almost 10% since the beginning of the year. The stock has decreased 18% in the last 12 months.

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