Source: www.reuters.com
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MEXICO CITY (Reuters) - Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, posted a 9.4% increase in first-quarter net profit on Thursday, the company said in a statement.
Becle’s net profit rose to 1.35 billion pesos ($67.9 million).
Company revenue totaled 9.07 billion pesos in the first quarter, a 26.5% increase from the same period last year.
($1 = 19.8911 pesos by end-March)
Reporting by Kylie Madry and Noe Torres; Editing by Sandra Maler
