date:Apr 30, 2014
Mexico-based food company Grupo LALA has posted a 69.8% increase in its Q1 2014 net income to MXN795.7m ($60.6m), compared to MXN468.6m ($35.7m) in the same quarter last year.
The company reported a 6.7% rise in year-on-year sales, and 7.5% year-on-year increase in earnings before interest, taxes, depreciation and amortization (EBITDA) during the quarter.
Gross profit for the first quarter of fiscal 2014 also increased by 8.8%, with a gross margin of 36%.
Grupo LALA CEO Arquimedes Celis said