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MEXICO CITY, Oct 28 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa)said on Friday its third-quarter profit rose 34.5 percent from the year earlier, helped by growth in its retail division and foreign exchange gains.
Femsa’s net profit reached 6.691 billion pesos ($345 million) in the July-to-September period, up from 4.974 billion last year.
Total revenue grew 27.4 percent to 100.325 billion pesos. In its retail division, revenue rose 12.3 percent, with Oxxo same-store sales climbing 5.7 percent.
The company recorded foreign exchange gains of 147 million pesos in the period, compared with a 1.027 billion peso loss last year.
Mexican retail sales rose for the fourth straight month in August, according to data this week.
Coca-Cola Femsa, the largest Coke bottler in the world, on Tuesday reported a 13.9 percent rise in third-quarter profit, helped by fewer foreign exchange losses, lower taxes, and higher prices to consumers.
Femsa said last month it would buy Brazilian beverage company Vonpar in a cash, stock and debt deal valued at 3.5 billion reais ($1.09 billion). ($1 = 19.382 Mexican pesos) (Reporting by Gabriela Lopez and Alexandra Alper; Editing by Jeffrey Benkoe)