MEXICO CITY (Reuters) - Shares of Mexico's Femsa gained about 7% in early trading on Thursday, after the company reported that its net profit more than doubled in the fourth quarter of 2024 compared with the same period a year earlier.

FEMSA, which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, posted earlier on Thursday a net profit of 6.79 billion pesos ($325 million).

($1 = 20.8829 pesos at end-December)