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Kimberly-Clark de México profit holds mostly steady YOY in Q1

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Kimberly-Clark de México profit holds mostly steady YOY in Q1

Kimberly-Clark de México SAB de CV said its normalized net income for the first quarter was 29 Mexican centavos per share, compared with the S&P Capital IQ consensus estimate of 29 centavos per share.

In the prior-year period, the per-share result came in at a profit of 29 centavos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 899.4 million pesos, compared with 895.1 million pesos in the year-earlier period.

The normalized profit margin declined to 11.6% from 12.3% in the year-earlier period.

Total revenue climbed 6.9% on an annual basis to 7.76 billion pesos from 7.26 billion pesos, and total operating expenses rose 7.2% on an annual basis to 6.10 billion pesos from 5.69 billion pesos.

Reported net income increased on an annual basis to 1.00 billion pesos, or 32 centavos per share, from 973.6 million pesos, or 31 centavos per share.

As of April 24, US$1 was equivalent to 15.38 Mexican pesos.