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Mexico's Grupo Bimbo Q4 net profit falls 81 pct on financing, tax
February 22, 2013 / 12:01 AM / in 5 years

Mexico's Grupo Bimbo Q4 net profit falls 81 pct on financing, tax

MEXICO CITY, Feb 21 (Reuters) - Mexico’s Bimbo, the world’s largest breadmaker, on Thursday posted an 81 percent fall in fourth-quarter profit from a year earlier, citing increased financing costs and a higher tax rate.

Quarterly profit for the October-December period came in at 176.19 million pesos ($13.7 million), down from 913.6 million pesos in the year-earlier quarter.

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