Coca-Cola Femsa, a bottler of Coca-Cola trademark beverages, has reported 29.7% increase in total revenue to MXN33,542m ($2586m) in the first quarter of 2012, compared to the same period in 2011.

Rise in revenues was driven by double-digit total revenue growth in all its divisions and the integration of Grupo Tampico and Grupo CIMSA in the Mexican territories.

The Coca-Cola bottler’s total revenue increased 21.6%, excluding the recently integrated territories in Mexico.

Consolidated operating income increased 13% to MXN4,314m ($332m) for the 2012 first quarter due to double-digit operating income growth in all divisions and including the integration of the new territories in Mexico.

Coca-Cola Femsa chief executive officer Carlos Lomelin said in the face of an environment of continuing commodity cost pressures, the execution skills of their operators continued to bolster company’s competitive position, generating double-digit top- and bottom-line growth for the first quarter of 2012.

"In Mexico, we have already incorporated the territories of Grupo Tampico and Grupo CIMSA into the culture and operations of our company, and we are well on track to achieve the previously identified synergies," Lomelin said.

"At the same time, we continue to seek for new opportunities to create value and deliver growth for our shareholders, as exemplified by our exclusivity agreement with The Coca-Cola Company to evaluate the potential acquisition of their bottling operations in the Philippines.

"Furthermore, our growing financial flexibility has strengthened our ability to return cash to our shareholders in the form of increased dividends. Specifically, the dividend of Ps. 2.77 per share that our company will distribute as of May 30, 2012, is four times the dividend paid in 2009."

Coca-Cola Femsa manufactures and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil and Argentina.

The company operates 35 bottling plants in Latin America.