Profit for Coca-Cola Femsa has high light in the quarter

Coca-Cola Femsa reported on Wednesday (25) that its net profit in the fourth quarter of 2014 rose 0.3% compared with the same period of the previous year, to $ 208,9 million. Earnings per share remained stable at $ 1.48.
The company revealed that its results were hurt by the effect of the devaluation of currencies in Latin America, especially in Venezuela.
Brazil
According to the manufacturer, total revenue fell 8.5 percent in the quarter, to $ 39.6 billion Mexican pesos. Excluding the operation of Spaipa, recently integrated into the operation of the Brazil, revenues reached 38.4 billion Mexican pesos. In constant currency, excluding the effect of the inclusion of Spaipa, total revenue grew by 23.3% in Mexican pesos. In Brazil, sales advanced 17.4% in the fourth quarter and totaled 216.3 million boxes.
In dollars, the total net revenue had dropped 8.3% in the quarter, to $ 2.68 billion. Excluding the effect of the devaluation of currencies in Latin America, revenue growth was 23.3%.
By volume, Coca-Cola Femsa recorded 1.8% increase in sales in the quarter, to 897.4 million boxes. Excluding the integration of Spaipa in Brazil, the volume fell 0.4%, to 878.6 million boxes. The sales volume of soft drinks was stable, with growth in sales in Brazil, Venezuela, Central America and Colombia and contraction in Mexico. The portfolio of water discharged from 4.8% in sales volume, driven by demand in Brazil and Argentina.
The company's operating profit fell 3.6 percent in the quarter, to $ 6.37 billion. The fall was related to the conversion of the results in Venezuela to Mexican pesos.