Andina Q1 Net Profit Drops 12%

Embotelladora Andina SA

reported a 12% drop in its first-quarter net profit. Its quarterly net profit fell to 24.71 billion Chilean pesos ($48.2 million). Its consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) gained 9.5% y/y to CLP53.48 billion. Andina's net revenue surged 16% to CLP289.63 billion, while sales volume climbed 10% y/y. Andina shares closed at $31.50 yesterday.