MEXICO: Chicken sales buoy Mexico's Bachoco
Rising chicken sales have helped push up first-quarter sales and earnings at Mexican poultry group Industrias Bachoco.
The company yesterday (24 April) posted a 7.4% rise in EBITDA to MXN393.3m (US$37.6m). Sales jumped 16.5% to MXN4.7bn.
Growth in chicken, egg, feed and swine sales helped offset "continuous increases" in grain and soybean costs, CEO Cristobal Mondragon said.
Mondragon added: "In response to the current adverse conditions, we reinforced our productivity efforts, optimised our mix products and transferred part of our cost increases to products price as the demand and economy allowed us to do so."
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