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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

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

Click here for the full results.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now