date:Feb 26, 2014
The world's largest bread makers, Mexico's Grupo Bimbo, has announced a staggering 622% increase in fourth-quarter profit due to increased revenue and lower tax rates.
The company reported a profit of 1.28 billion pesos ($97.5 million) in the three months to end-December, compared with 176.75 million pesos in the same period in 2012.
In the fourth quarter of 2012, the Tia Rosa tortilla-maker reported an 81% drop in profit because of a sharp rise in taxes.
For the full financial 2013 year, th