Higher operating margins allowed Mexican poultry group Industrias Bachoco to book an increase in first-quarter earnings, shrugging off lower sales in the period.
EBITDA rose 17% as operating margins increased to 11.5% for the quarter, up from 9.5% in the year-ago period. Net profit gains trailed, rising 3.4%, as higher tax costs weighed on the bottom line.
Sales were down due to lower selling prices for chicken products partially offset by higher volumes, the company said.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
