Grupo Lala Posts 69% Increase In Net Income
News: Mexico-based dairy company Grupo Lala recorded a 69.8% year-on-year (y-o-y) increase in net income to MXN795.7mn (USD60.6mn) during Q114, up from MXN468.6mn (USD35.7mn) in Q113. The firm's sales rose 6.7% y-o-y in the quarter, while earnings before interest, taxes, depreciation and amortisation increased 7.5%. Gross profit increased by 8.8%. According to the company, moderate consumer demand and a challenging macroeconomic environment affected results; however, it has invested USD100mn to expand milk and cheese production capacity.