Fomento Economico Mexicano Q2 Net Income, Revenue Rise

MT Newswires Live

07/28

Fomento Economico Mexicano (FMX), or FEMSA, reported Q2 consolidated net income Tuesday of 9.22 billion Mexican pesos ($527.9 million), up from 5.59 billion pesos a year earlier.

Analysts polled by FactSet expected 6.85 billion pesos.

Revenue for the quarter ended June 30 was 231 billion Mexican pesos, up from 211.36 billion pesos a year earlier.

Analysts expected 226.44 billion pesos.

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