date:Feb 25, 2013
said.
These effects were partially offset by the benefits obtained from synergies and waste reduction initiatives in the United States totaling approximately $44 million and credited to operating expenses, Bimbo said. For the full year, synergies and waste reduction initiatives generated approximately $120 million in savings.
Additionally, as a result of International Financial Reporting Standards compliance, operating expenses benefited from the reclassification of the annual financial expens