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Mexican baker Bimbo 1st-quarter net slips 3.6 pct From: reuters.com
Tagged: latin americaPosted on: April 25th, 2008
Mexican bread maker Bimbo said on Thursday its first-quarter net profit fell 3.6 percent as higher ingredient costs pressured gross margins but revenue rose, helped by higher prices and product mix.
Bimbo (BIMBOA.MX: Quote, Profile, Research), with operations in the United States and Latin America, earned 791 million pesos ($74 million) in the January-March period compared with 821 million pesos in the year-ago quarter.”*
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Filed Under: Business, Business News, International
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