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Grupo Bafar Reports First Quarter Results 2024
CHIHUAHUA, Mexico, April 22, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV:BAFARB), a recognized leader in the national food sector, has announced its results for the first quarter of 2024, highlighting solid growth in its main divisions.
First Quarter 2024 Results
Net sales amounted to $6,618.4 million pesos.
Gross profit increased 27.4% with a margin of 33.5%.
Operating income increased 19.0%, and EBITDA increased 19.5%.
During the first quarter of 2024, Grupo Bafar reaffirms its position as one of the leading food companies in Mexico, consolidating four decades of business success. The company stands out in this period thanks to its solid and steady growth in financial margins and operating results, evidencing solid and strategic management. These achievements not only underscore Grupo Bafar's ability to adapt to market challenges, but also highlight its ongoing commitment to excellence and innovation in the food sector.
The company's Food Division, Bafar Alimentos, recorded record revenues of $6,618.4 million pesos, a historic figure for a first quarter. In addition, the Division continues to drive digitalization and process modernization projects to make them more efficient. The Division also achieved ...