Industrias Bachoco saw first-half profits increase, despite what the Mexican poultry processor said was a “complicated” start to the year.
In the six months to the end of June, net profit reached MXN2.01bn (US$161.1m). This compared to a profit of MXN977.4m.
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Operating profit climbed to MXN1.48bn from MXN1.16bn in the prior year. The increase was mainly attributed to greater sales across most of the firm’s business lines.
Sales in the period grew 9.6% to MXN20.53bn, boosted by increases across Bachoco’s main business lines, together with a “stable supply and good price levels”, it said.
“After a complicated start to the year, the company was able to surpass various difficulties and achieve positive results,” said CEO Rodolfo Ramos Arvizu. “All this was due to a strict control of expenses and productivity improvements, resulting from a close surveillance of procedures and constant implementation of processes and technologies that make us more productive day to day.”
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