Mexico’s breadmaker Bimbo reports a 50.77% increase on Q3 net profits By Stocksak

© Stocksak. FILEPHOTO: Loaves made by Grupo Bimbo, a Mexican breadmaker, are shown at a Monterrey convenience shop on August 6, 2018. Picture taken August 6, 2018. REUTERS/Daniel Becerril

MEXICO CITY (Stocksak – Grupo Bimbo, a Mexican breadmaker, reported a 50.77% increase on its third quarter net profit over the year-ago period.

Bimbo’s net profit increased to 6.06 trillion pesos ($301 millions).

In the third quarter, company revenues rose 20% to 102.8 million pesos.

($1 = 20.1271 pesos by end-September)

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