Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Kimberly Clark Corp    KMB   US4943681035

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Kimberly Clark Corp : Kimberly-Clark De Mexico Says Weak Peso Curbed 1Q Net Profit

04/19/2012 | 05:00pm US/Eastern

Paper-goods company Kimberly-Clark de Mexico SAB (KIMBER.MX) said Thursday that higher raw-materials costs, a weaker Mexican currency and expenses related to an acquisition ate into its first-quarter profitability.

The maker of Huggies diapers and Kleenex tissues said its net profit slipped 3% on the year to 931 million pesos ($70 million). Excluding non-recurring expenses related to the January acquisition of Evenflo baby products, the company said its net profit would have declined just 1%.

The quarterly net profit also reflected a higher tax rate.

Sales rose 8% in the quarter to MXN7.17 billion, driven by higher volume sales. The company said that efforts to achieve greater operating efficiencies and to contain costs aided its earnings before interest, taxes, depreciation and amortization, which rose 1% to MXN1.86 billion.

On the cost side, although some raw materials have shown a decreasing trend in dollar terms, others, such as oil, were higher on the year, the company said.

The peso's 9% depreciation versus the dollar compared with the year-ago quarter also affected raw-materials costs.

The peso ended March at MXN12.80 to the dollar, compared with MXN11.60 a year earlier.

-By Amy Guthrie, Dow Jones Newswires; 5255-5980-5177; amy.guthrie@dowjones.com

Order free Annual Report for Kimberly-Clark Corp.

Visit http://djnweurope.ar.wilink.com/?ticker=US4943681035 or call +44 (0)208 391 6028

Latest news on KIMBERLY CLARK CORP
1d agoDJMARKET SNAPSHOT : More Than 1/3 of Dow Stocks To Report This Week
3d ago Dollar General to Build New Distribution Center in San Antonio, Texas; New Di..
4d agoKIMBERLY CLARK CORP : quaterly earnings release
5d ago KIMBERLY CLARK : Away-From-Home Tissue and Hygiene in the Philippines - New Repo..
5d ago ConvaTec owners appoint banks to explore sale - sources
10/10 KIMBERLY CLARK : Sets Date and Details for Health Care Spin-Off
10/09 KIMBERLY CLARK : Announces Details for Completion of Kimberly-Clark Health Care ..
10/07 KIMBERLY CLARK : Presolicitation Notice - Headband, Face
10/07 KIMBERLY CLARK : Other Events, Financial Statements and Exhibits (form 8-K)
10/07 KIMBERLY CLARK : Announces Details for Completion of Kimberly-Clark Health Care ..
Advertisement
Chart
Duration : Period :
Kimberly Clark Corp Technical Analysis Chart | KMB | US4943681035 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF