Kimberly-Clark De México, S. A. B. De C. V. Reports Earnings Results for the Third Quarter and Nine Months Ended of 2019
October 16, 2019
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Kimberly-Clark de México, S. A. B. de C. V. reported earnings results for the third quarter and nine months ended of 2019. For the quarter, the company reported net sales of MXN 10,400 million compared to MXN 9,897 million a year ago. Operating profit was MXN 2,155 million compared to MXN 1,695 million a year ago. Net income was MXN 1,238 million compared to MXN 904 million a year ago.
For the nine months, the company reported net sales of MXN 32,699 million compared to MXN 30,692 million a year ago. Operating profit was MXN 6,512 million compared to MXN 5,751 million a year ago. Net income was MXN 3,706 million compared to MXN 3,211 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.