Industrias Bachoco SAB de C.V. (IBA) Reports Lighter Q3 Earnings
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Industrias Bachoco Announces Third Quarter 2015 Results
October 22, 2015 5:30 PM EDTCELAYA, Mexico, Oct. 22, 2015 /PRNewswire/ -- Industrias Bachoco, S.A.B. de C.V., "Bachoco" or "the Company", (NYSE: IBA; BMV: Bachoco) announced today its unaudited results for the third quarter ("3Q15") and accumulated ("9M15") 2015 results ended September 30, 2015. All figures have been prepared in accordance with International Financial Reporting Standard ("IFRS"), and are presented in nominal million Mexican Pesos ("$").
HIGHLIGHTS - 2015 vs. 2014
Net sales increased 6.8% in 3Q15. EBITDA margin was 10.8% for 3Q15 and 14.9% in the 9M15. Earnings per basic and diluted share totaled $1.31 for 3Q15 and $5.74 for the 9M15.             ... More