Reported about 1 month ago
Mexican tequila producer Becle announced a more than fourfold increase in net profit for the third quarter, reaching 896.11 million pesos ($45.51 million), boosted by favorable foreign exchange dynamics as the peso weakened against the U.S. dollar. Despite challenges in domestic sales, where volumes fell by 15%, the company's premiumization strategy helped increase net sales in the U.S. and Canada by nearly 11%. Overall revenues rose by almost 4% year-on-year to 10.95 billion pesos.
Source: YAHOO