Acquisition-related costs have hit Colombian food maker Grupo Nutresa’s bottom line despite the company posting solid sales for the first nine months of the year.

Net profit, for the period ending 30 September, fell 7.1% to COP260.2bn (US$126.4m). The company attributed the decline to the costs of financing the acquisition of Chilean peer Tresmontes Lucchetti, which it acquired earlier in the year.

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However, operating profit for the period was up 5.7% to COP477.7bn. Sales were also up 13.3% to COP4.64trn.

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