Cuervo parent company Becle reports 72.4% increase in Q4 net profit

Source: www.reuters.com

By Reuters Staff

1 Min Read

MEXICO CITY (Reuters) - Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, on Thursday posted a 72.4% increase in fourth quarter net profit.

Becle’s net profit rose to 1.6 billion pesos ($77 million).

Company revenue totaled 13.1 billion pesos in the fourth quarter, a 22.4% year-over-year increase.

($1 = 20.5075 pesos at end-December)

Reporting by Valentine Hilaire and Noe Torres; Editing by Drazen Jorgic