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Mexico's Grupo Bimbo sees Q4 net profit skyrocket to 30.2 billion pesos

Reuters
Updated

MEXICO CITY, Feb 22 (Reuters) - Mexican breadmaker Grupo Bimbo's net profit increased to 30.234 billion pesos in the fourth quarter of 2022 from 4.824 billion pesos in the year earlier period, according to a filing published Wednesday.

Company revenue totaled 109 billion pesos, a jump from the 94.550 billion pesos reported the same period a year before. (Reporting by Valentine Hilaire and Marion Giraldo; Editing by Brendan O'Boyle)