Bloomberg News

Mexico Stocks: Bachoco, Femsa, Mexichem, Urbi Shares Were Active

May 02, 2012

The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index rose 0.3 percent to 39,597.42.

Fomento Economico Mexicano SAB (FEMSAUBD) , owner of Latin America’s largest convenience-store chain, rose 0.8 percent to 106.72 pesos. First-quarter profit increased 6.3 percent to 2.32 billion pesos ($179 million), Monterrey, Mexico- based Femsa said in an e-mailed statement today.

Industrias Bachoco SAB (BACHOCOB) , Mexico’s largest poultry producer, climbed 3.8 percent to 23.30 pesos. Net income more than quadrupled to 661 million pesos in the first quarter from a year earlier on 9.3 billion pesos of sales, according to a report e-mailed today.

Mexichem SAB (MEXCHEM*) , the Latin American chemical producer that has bought more than 15 companies since 2007, climbed 0.7 percent to 48.76 pesos. Net income rose 46 percent to 1.8 billion pesos on 13.5 billion pesos in revenue, the company said today in a statement to the stock exchange.

Urbi Desarrollos Urbanos SAB (URBI*) , Mexico’s No. 3 homebuilder by sales, climbed 7.7 percent to 14.77 pesos. Urbi generated free cash flow to equity of 166.1 million pesos in the first quarter, compared with negative 1.2 billion pesos a year earlier, the Mexicali, Mexico-based company said yesterday.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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