UPDATE 1-Mexico's Femsa 1st-qtr profit falls 4.3 pct as costs rise

jueves 28 de abril de 2016 18:00 GYT

(Updates with details from the report)

MEXICO CITY, April 28 (Reuters) - Mexican bottling and retail company Femsa on Thursday reported a 4.3 percent fall in first-quarter profit, compared to the year-earlier period, dragged down by higher costs.

Femsa posted a net profit of 2.999 billion pesos ($173 million) in the January-March period, down from 3.135 billion pesos in the same quarter a year earlier.

The company, which operates the Oxxo chain of convenience stores, posted revenue of 85.9 billion pesos ($4.97 billion), a 31.7 percent increase from a year earlier.

However, the cost of sales rose by 38.4 percent to 54.7 billion pesos over the same period, the company said. ($1 = 17.29 pesos at end-March) (Reporting by Mexico City Newsroom; Editing by G Crosse and James Dalgleish)