date:Feb 26, 2014
e Group also said that they managed to double net profit.
Net income for 2013 rose to 4.8 billion pesos ($360.5 million), from 2.02 billion pesos in 2012.
Earlier this month, Bimbo agreed to acquire Maple Leaf Foods Inc.s Canadian baked-goods business for about $1.66 billion. Analysts have voiced concerns about the high level of debt been taken on by the Mexican group, after having spent around $3.4 billion to buy at least four companies since 2009.
Yesterday, Bimbo announced the closure of f