Sales and Operating Income Increased 13.06% and 7.38%, Respectively
MEXICO CITY, Oct. 28 /PRNewswire-FirstCall/ --
(All September 2007 figures are expressed in millions of Mexican pesos
as of December 31, 2007 while the figures for September 2008 are expressed
in millions of current Mexican pesos. Comparisons are made with the same
period of 2007, unless otherwise stated. Figures may vary due to rounding
practices. "bp" stands for basis points)
-- Sales for the quarter totaled $6,682.02 million
-- Gross income increased 35.78%
-- Gross margin for the quarter was 11.13%
-- Quarterly operating expenses as a percentage of sales were 7.75%
-- The operating margin for the quarter was 3.38%
-- Net profit for the quarter reached $111.76 million
-- Cash and cash equivalents at the end of the quarter was $292.96 million
Grupo Casa Saba ("Saba", "GCS", "the Company" or "the Group"), one of
the leading Mexican distributors of pharmaceutical products, beauty aids,
personal care and consumer goods, general merchandise, publications and
other products announces its consolidated financial and operating results
for the third quarter of 2008.
During the third quarter, GCS's sales were $6,682.02 million, an increase of 13.06%.
Sales for our Private Pharma division rose 13.89% during the third quarter of 2008, as a result of the consolidation of investments made within the sector over the past several months, including the most recent acquisition of Drogasmil Medicamento e Perfumeria, S.A., a Brazilian pharmacy chain.
Sales in our Health, Beauty, Consumer Goods, General Merchandise and Other division increased 11.41% compared to the third quarter of 2007. This growth was due to an increase in sales of health and beauty products.
Sales in our Government Pharma division rose 25.1
|SOURCE Grupo Casa Saba, S.A. de C.V.|
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