Grupo Lala has attributed its higher second-quarter sales and earnings to the Mexican dairy group’s focus on strategic priorities.
The company said sales in the three months increased 8.9% to MXN12.9bn (US$687.3m). Operating income rose 11.8% to MXN1.54bn. Net earnings totalled MXN1.1bn, an increase of 10.1%.
In the year-to-date, Lala flagged progress on two initiatives: the conclusion of an agreement to acquire the branded business of Laguna Dairy Company in the US and expansion in Costa Rica via a tie up with Florida Bebidas for the production, distribution and sale of its products in the country.
Commenting on the group’s performance Scot Rank, Grupo Lala’s CEO, said: “Our focus on the four strategic priorities, allowed us to achieve important accomplishments, highlighting: a solid top-line growth, the agreement to acquire the branded business of Laguna Dairy to enter the US market and the strategic agreement with Florida Bebidas Company for the production, distribution and sell of Lala products in Costa Rica.”