date:Jul 18, 2014
Arca Continental, Latin America's No. 2 Coke bottler, said on Thursday its second-quarter profit rose 3 percent, as cost-cutting helped offset a drop in sales caused by a tax on sugary drinks.
The company reported a profit of 1.935 billion pesos ($144 million), compared to 1.878 billion pesos in the year-earlier period.
Arca said the volume of drinks it sold fell 3.3 percent, but price increases helped revenue rise by 0.8 percent to 15.958 billion pesos.
Sales of fizzy drinks in Mexico have s