Mexican poultry firm Industrias Bachoco said it recorded “strong and sound” results for the first quarter with a slight increase in profits.

For the quarter ended 31 March, net majority income amounted to MXN274.9m (US$22.6m) compared to an income of MXN273.9m in 2009.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Total sales increased 1.1% from 2009’s first quarter to reach MXN5.93bn.

Operating profit, however, dropped to MXN342m from MXN494.8m in the comparable 2009 quarter.

Cristobal Mondragon, Bachoco’s CEO, said: “While the economic conditions prevailing in Mexico continued to slowly improve, we observed a good demand for our products, impacting our first quarter results and showing an improvement from the previous year in terms of sales and volume sold.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

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