Kimberly - Clark de Mexico S.A.B. de C.V. Announces Earnings Results for the Fourth Quarter and Full Year of 2015; Provides Capital Expenditures Guidance for the Year 2016
January 22, 2016 at 02:30 pm
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Kimberly - Clark de Mexico S.A.B. de C.V. announced earnings results for the fourth quarter and full year of 2015. For the quarter, the company's sales amounted to MXN 8.5 billion, an 11% increase versus the fourth quarter of 2014. Operating profit grew 32%. During the quarter, the company generated MXN 2.4 billion of EBITDA, a 25% increase. The company had a very little monetary loss during the quarter compared to a significant one during the fourth quarter of 2014. This effect compensated the higher net interest paid and resulted in lower cost of financing. Net income for the quarter was MXN 1.2 billion, a 37% growth over last year, and earnings per share were MXN 0.39.
For the year, sales increased 11%; operating profit increased 22%; EBITDA increased 18% and net income increased 22%.
For 2016, capital expenditures plan will be over $100 million.
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.
Kimberly - Clark de Mexico S.A.B. de C.V. Announces Earnings Results for the Fourth Quarter and Full Year of 2015; Provides Capital Expenditures Guidance for the Year 2016
KIMBERLY-CLARK DE MÉXICO, S. A. B. DE C. V. 
