Profits at Mexican dairy processor Grupo Lala rose in the first quarter of 2014 despite what the company described as a “challenging” trading conditions.

CEO Arquímedes Celis said: “The first part of the year was characterised by moderate consumer demand and a challenging macroeconomic environment, both of which impacted this quarter’s results.”

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Lala grew net profit, gross margins and sales during the first quarter.

The company also announced plans to increase milk and cheese production at two plants. Celis insisted the investments were examples of Lala being “committed to growth”.

Click here for the link to the full statement.

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