MEXICO CITY, April 29 (Reuters) – Mexican bread maker Bimbo said on Thursday its first-quarter net profit rose 23 percent from a year ago, even though sales were hurt by foreign exchange losses from its U.S. operations.
Bimbo (BIMBOA.MX), one of the biggest bread makers in the world, earned 1.268 billion pesos ($102 million) in the January-March period, compared with 1.032 billion pesos a year earlier.
The lower cost of goods sold in the quarter also helped boost the top line.
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