Becle, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 26, 2020
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Becle, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was MXN 10,434 million compared to MXN 10,268 million a year ago. Operating income was MXN 2,038 million compared to MXN 2,062 million a year ago. Net income was MXN 1,421 million compared to MXN 2,051 million a year ago. Basic earnings per share was MXN 0.4 compared to MXN 0.57 a year ago. For the full year, sales was MXN 29,705 million compared to MXN 28,158 million a year ago. Operating income was MXN 5,410 million compared to MXN 5,543 million a year ago. Net income was MXN 3,712 million compared to MXN 4,025 million a year ago. Basic earnings per share was MXN 1.04 compared to MXN 1.12 a year ago.
Becle SAB de CV is a Mexico-based company engaged in the beverages industry. The Company focuses on the production, bottling, trade and distribution of alcoholic and non-alcoholic beverages. Its offer includes various types of tequila distributed under own Jose Cuervo brand name, non-alcoholic drinks, ready-to-drink beverages, as well as other distilled alcohols distributed under third-party brand names, including Three Olives, Hangar 1, Stranahan's, Bushmills and Boodles. Its distribution chain comprises operations in the United States, Mexico and other countries. In addition, the Company is involved in the farming and processing of blue agave. The Company owns a number of subsidiaries, such as Tequila Cuervo la Rojena SA de CV, Casa Cuervo SA de CV and Azul Agricultra y Servicios SA de CV.
BECLE, S.A.B. DE C.V. 
