Record quarterly sales have boosted margins at Industrias Bachoco, Mexico’s largest poultry producer.
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Bachoco booked a 20.1% jump in net sales to MXN5.99bn (US$453.3m) for the three months to 30 June.
Operating margin stood at 14.3% for the second quarter, against 11.4% for the first half of 2009 as a whole.
Second-quarter operating income more than doubled on the year, reaching MXN858.6m, compared to MXN311.6m a year ago.
CEO Cristobal Mondragon said: “Even when the Mexican economy continued slowing down and is expected to record one of the worst performing quarters ever, the company’s performance remained strong and we continued delivering positive results to our holders by taking the opportunities the industry offered.”
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By GlobalDataMondragon said there was a “good balance” between supply and demand, while a “more stable” Mexican peso, productivity gains and a better sales mix boosted margins.
Second-quarter net majority income reached MXN695.7m against MXN194.4m a year earlier.
