MEXICO CITY, July 16 (Reuters) - Leading paper products
company, Kimberly-Clark de Mexico, said on Thursday its
second-quarter net profit rose 14 percent, driven by higher
prices and sales volume of its core consumer products.
The company, known as Kimber <KIMBERA.MX>, earned 1.086
billion pesos ($82.5 million) between April and June, compared
to 954 million pesos in the year-ago period.
Net sales rose 8 percent to 6.195 billion pesos.
"Our main business, consumer products, grew 8 percent as a
consequence of 2 percent volume growth and 6 percent better
price and mix," the company said.
Higher sales volumes were achieved in almost all of
Kimber's categories and particularly in wet wipes.
In late April and early May, Mexicans fearful of the H1N1
flu epidemic flocked to supermarkets to buy hand wipes and
disinfectant.
Earnings before interest, taxes, depreciation and
amortization (EBITDA) rose 11 percent to 1.979 billion pesos in
the second quarter, year over year.
Shares of Kimber, a unit of U.S. paper giant Kimberly-Clark
Corp <KMB.N>, ended up 0.60 percent at 51.59 pesos before
quarterly results were disclosed on Thursday afternoon.
($1 = 13.17 pesos as of end June)
(Reporting by Cyntia Barrera Diaz; editing by Carol Bishopric)
Keywords: KIMBER/
