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Mexico's Grupo Bimbo first-quarter net profit drops nearly 42%

MEXICO CITY, April 22 (Reuters) - Mexican breadmaker Bimbo's first-quarter net profit fell by about 42% compared to the year-ago period to settle at 2.4 billion pesos, the firm said in a filing on Monday.

Revenues for the company, which sells buns, cakes, cookies, bagels and tortillas across more than 30 countries, shrunk 6% to 93.2 billion pesos.

($1 = 16.5310 Mexican pesos at end-March) (Reporting by Valentine Hilaire, Aida Pelaez Fernandez and Marion Giraldo)