Grupo Bafar Reports Second Quarter Results 2024 CHIHUAHUA, Mexico, July 22, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BIVA: BAFARB), a nationally recognized leader in the food sector, has announced its results for the second quarter of 2024, highlighting solid growth in its main divisions. Second Quarter 2024 Results Net sales were $6,864.8 million pesos.Gross profit increased 18.9% with a margin of 32.5%.Operating income increased 13.4%, and EBITDA increased 16.2%. During the second quarter of 2024, Grupo Bafar reaffirms its position as one of the leading food compani...
Grupo Bafar Reports First Quarter Results 2024 CHIHUAHUA, Mexico, April 22, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the national food sector, has announced its results for the first quarter of 2024, highlighting solid growth in its main divisions. First Quarter 2024 Results Net sales amounted to $6,618.4 million pesos.Gross profit increased 27.4% with a margin of 33.5%.Operating income increased 19.0%, and EBITDA increased 19.5%. During the first quarter of 2024, Grupo Bafar reaffirms its position as one of the leading food companies in...
Grupo Bafar Reports Fourth Quarter 2023 Results CHIHUAHUA, Mexico, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the Mexican food sector, has announced its results for the fourth quarter of 2023, highlighting solid growth in its main divisions. Results for the Fourth Quarter of 2023 Net sales amounted to $6,925.0 million pesos. Gross profit increased 41.7% with a margin of 31.0%. Operating income increased 40.7%, and EBITDA increased 25.1%. During the fourth quarter of 2023, Grupo Bafar reaffirms its position as one of the leading ...
Grupo Bafar inaugurated a new production plant in Michoacan CHIHUAHUA, Mexico, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B.de C.V. (BAFAR), a leader in the food industry, continues its path of growth and innovation with the recent investment in a new pepperoni production plant in the agro-industrial Complex located in La Piedad, Michoacan. The plant will have a capacity of 1,000 tons per month. This new production plant required an investment of $33 million USD and is fully automated. Jorge Baeza Fares, Director of Bafar Foods, emphasized: "As we move forward, we reiterate our c...
Grupo Bafar Reports Third Quarter 2023 Results CHIHUAHUA, Mexico, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the Mexican food sector, has announced its results for the third quarter of 2023, highlighting solid growth in its main divisions. Results for the Third Quarter of 2023 Net sales amounted to $6,197.6 million pesos.Gross profit increased 22.2% with a margin of 31.3%.Operating income increased 26.9%, and EBITDA increased 19.8%. During the third quarter of 2023, Grupo Bafar reaffirms its position as one of the leading fo...
Grupo Bafar reports second-quarter results for 2023 CHIHUAHUA, Mexico, July 28, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the national food sector, has announced its results for the second quarter of 2023, highlighting solid growth in its main divisions. Results for the Second Quarter of 2023 Net sales reached $6,358.6 million pesos.Gross profit increased by 17.4% with a margin of 29.6%.Operating profit increased by 87%, and EBITDA grew by 70.5%. During the second quarter of 2023, Grupo Bafar continued to demonstrate its growth and streng...
Grupo Bafar Reports First Quarter 2023 Results CHIHUAHUA, México, May 02, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB) recognized as one of the main companies in Mexico within the food business, with an important participation in various sectors, such as agroindustrial, finance, and real estate, has announced its results for the first quarter of 2023. Q1 2023 HIGHLIGHTS Consolidated net sales increased 5.4%, year-on-year, to US $338.1Operating income increased 19.5% and EBITDA increased 17.8%Investments during the quarter of more than US $64.5 million.The Re...
Grupo Bafar Reports Fourth Quarter and Full Year 2022 Results CHIHUAHUA, México, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB) recognized as one of the main companies in Mexico within the food business, with an important participation in various sectors, such as agroindustrial, finance, and real estate, has announced its results for the full year of 2022. FY 2022 HIGHLIGHTS Net sales increased 19.9%.Volume sales increased 11.4%.EBITDA increased 13.1%.Investments during the year of more than MXN $3,470 million (US $179 million)Revenues from the real estate di...
Grupo Bafar welcomes new independent members to its Board of Directors CHIHUAHUA, Mexico, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB) informs the investing public that it maintains the firm commitment to continuously strengthen its corporate governance, seeking gender diversity in the integration of its administrative body and maintaining the majority of independent directors, which further promotes the firm prospects of generation of economic, social and environmental value. It is through this commitment that at the Annual Shareholders' Meeting held on Apr...
Grupo Bafar Reports Third Quarter 2022 Results CHIHUAHUA, México, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB) recognized as one of the main companies in Mexico within the food business, with an important participation in various sectors, such as agroindustrial, finance, and real estate, has announced its results for the third quarter of 2022. Q3 2022 Highlights Net sales increased 21.8%.Volume sales increased 13.5%.Operating income increased 15.6% and EBITDA increased 15.9%.Investments during the year of more than MXN $2,373 million (US$ 117.5 million).The...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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