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HomeStockMexico's Bimbo Q1 internet revenue rises, boosted by robust gross sales By...

Mexico’s Bimbo Q1 internet revenue rises, boosted by robust gross sales By Reuters

© Reuters. FILE PHOTO: The emblem of Mexican breadmaker Grupo Bimbo is pictured on a supply truck in Monterrey, Mexico, August 8, 2018. REUTERS/Daniel Becerril

MEXICO CITY (Reuters) – Mexican breadmaker Grupo Bimbo posted a ten.4% enhance in first quarter internet revenue on Tuesday, boosted by stronger gross sales volumes.

Grupo Bimbo mentioned in a regulatory submitting that its earnings for the quarter ending March 31 jumped to 4.47 billion pesos ($224 million).

Bimbo, which provides some 100 manufacturers, mentioned income elevated 17.8% within the first three months of 2022, pushed by a good combine of costs.

Bimbo on Monday signed an settlement to promote its confectionery enterprise Ricolino for round $1.3 billion to chocolate maker Mondelez Worldwide Inc (NASDAQ:).

Bimbo mentioned in its outcomes assertion that the deal would assist it deal with its bread and snacks companies.

The Mexican agency additionally mentioned it deliberate to announce a plan for improved sustainability on Might 18.

The breadmaker suspended operations in its Ukrainian plant on the finish of February to make sure the security of its 150 employees there, citing the continued disaster with Russia.

($1 = 19.8911 pesos at end-March)



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