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Kimberly-Clark de México Q2 profit climbs 20.0% YOY

Kimberly-Clark de México SAB de CV said its second-quarter normalized net income was 32 Mexican centavos per share, compared with the S&P Capital IQ consensus estimate of 31 centavos per share.

EPS rose 19.5% year over year from 27 centavos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 990.4 million pesos, an increase of 20.0% from 825.5 million pesos in the year-earlier period.

The normalized profit margin climbed to 12.3% from 11.3% in the year-earlier period.

Total revenue increased 10.2% on an annual basis to 8.03 billion pesos from 7.28 billion pesos, and total operating expenses grew 7.7% from the prior-year period to 6.26 billion pesos from 5.81 billion pesos.

Reported net income grew 17.2% on an annual basis to 1.08 billion pesos, or 35 centavos per share, from 925.1 million pesos, or 30 centavos per share.

As of July 23, US$1 was equivalent to 16.10 Mexican pesos.