Mexico's Grupo Bimbo first-quarter net profit drops nearly 42%-July 2024-www.financetom.com

Mexico's Grupo Bimbo first-quarter net profit drops nearly 42%

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Mexico's Grupo Bimbo first-quarter net profit drops nearly 42%

Apr 22, 2024 2:13 PM

MEXICO CITY, April 22 (Reuters) - Mexican breadmaker

Bimbo's first-quarter net profit fell by about 42% compared to

the year-ago period to settle at 2.4 billion pesos, the firm

said in a filing on Monday.

Revenues for the company, which sells buns, cakes, cookies,

bagels and tortillas across more than 30 countries, shrunk 6% to

93.2 billion pesos.

($1 = 16.5310 Mexican pesos at end-March)

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