Kimberly-Clark De México, S. A. B. De C. V. Announces Earnings Results for First Quarter of 2020
April 22, 2020
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Kimberly-Clark de México, S. A. B. de C. V. announced earnings results for first quarter of 2020. For the quarter, the company reported net sales of MXN 11,692 million against MXN 11,014 million a year ago. Operating profit was MXN 2,702 million against MXN 2,061 million a year ago. Net income was MXN 1,528 million against MXN 1,161 million a year ago.
Kimberly-Clark de Mexico SAB de CV is a Mexico-based company is engaged in the manufacture of personal care products. Its activities are divided into three segments: Consumer products, Professional and healthcare, as well as Export. The Consumer products division focuses on the manufacture and distribution of disposable products for daily use, such as diapers, feminine pads, incontinence care products, kitchen towels, napkins and wet wipes; baby and child care products, such as baby wipes, shampoos, lotions and feeding products, and home products, such as antibacterial gels, food wraps and bar soaps. Its brand names portfolio includes Huggies, KleenBebe, Kleenex, Kimlark, Petalo, Cottonelle, Depend, Kotex and Evenflo, among others. The Professional and healthcare division offers personal care products to commercial customers, including managers of hotels, restaurants, offices and hospitals. The Export division is responsible for the international trade, mainly in the United States.