Grupo Bafar Reports Second Quarter Results 2024 [Yahoo! Finance]
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Source: Yahoo! Finance
announced its results for the second quarter of 2024, highlighting solid growth in its main divisions. Second Quarter 2024 Results Net sales were $6,864.8 million pesos. Gross profit increased 18.9% with a margin of 32.5%. Operating income increased 13.4%, and EBITDA increased 16.2%. During the second quarter of 2024, Grupo Bafar reaffirms its position as one of the leading food companies in Mexico. The company stands out in this period thanks to its solid and steady growth in financial margins and operating results, evidencing sound 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 recorded revenues of $6.597 billion pesos, a 7% increase over last year. The division continues to promote digitalization and modernization projects to make processes more efficient. The division also achieved
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