In the third quarter of 2018, one of the most important bottlers in the world and the second one after FEMSA of the iconic Coca Cola brand, had negative net profits of -53.1% year-on-year.
In this, the absence was highlighted, according to the financial bulletin that was released by Arca Continental before securities regulators in Mexico and online trading, an extraordinary income recorded last year and in the same period.
According to what the Reuters agency said through its chat, last year the company transferred the rights to the brand of mineral water Topo Chico in the United States to The Coca-Cola Company for about 220 million dollars, which resulted in an extraordinary income.
The company also indicated in a document a benefit of 2.366 million pesos, this is about 126 million dollars for the period between July and September of this year.
The aggregate turnover of the firm that has its headquarters in the State of Nuevo León had an advance, the period of 13.2% year-on-year while sales were driven by operations in Mexico and the United States that could compensate for a weak performance in South America.
The company, which also has operations in Latin America, the United States is the third largest bottler in the world, making this a statement in the report of their financial statements where they indicate that their expenses and their costs of sales had a remarkable record in the period of increases due to higher fuel prices and some of the raw materials such as PET, which is plastic and aluminum.
Earnings, which are read from the pure business or before EBITDA (interest, taxes, depreciation and amortization) increased by 5.8% year-on-year to 7,203 million pesos, that is, 368 million dollars.
Arco Continental is a company that operates in Peru, since 2015, not only the iconic Coca Cola, but also the national drink, Inca Kola that was incorporated into the business portfolio of Arca Continental in 1999, under the brand ARCA CONTINENTAL LINDLEY.
This has more than seven beverage plants such as soft drinks, water, isotonic, juices and energizers, this is what he says on his website. In addition, Peru exports different fruit concentrates to other parts of the world.
At the end of last month and according to the company itself, it acquires total control of Perú Beverage Limitada, this is a subsidiary of The Coca Cola Company, which also had a shareholding in the Lindley Corporation or AC Lindley of 38.52% in the common actions not listed.
As a result of the purchase of the shares, Arca Continental Bebidas has a nearly 100% stake in Corporación Lindley, explained the company in a statement to the regulators of the Peruvian securities market.The amount of the total operation had a balance record of the purchase for 507 million dollars.