Mexico’s Bachoco posts strong quarterly results
Mexican poultry leader displays impressive sales numbers.
Industrias Bachoco, Mexico's leading producer and processor of poultry products, registered a 20.1% increase in sales compared with the same quarter of 2008, recording its highest sales for any given quarter.
Bachoco's sales increased across all its business lines and were particularly strong for chicken and eggs.
Net sales for the second quarter amounted to US$453 million (Ps. 5,991.1 million), 20.1% above the US$377 million (Ps. 4,987.5 million ) reported in 2008. This increase was mainly driven by higher sales in the main business lines: chicken sales rose 20%, while table eggs sales jumped 30.9%, and balanced feed sales increased 11.3%.
Net sales for the first half of 2009 amounted to $897 million, and were 21.9% above the $735 million reported in 2008. The increase was mainly driven by the 24% increase in chicken sales, 20.2% in table eggs sales, 19.8% in swine sales and 1.7% increase in sales of balanced feed.