Bimbo Sees Sales, Profits - And Financing Costs - Increase Following George Weston Takeover

Mexican bread maker Grupo Bimbo has reported a 26% rise in earnings for the first quarter of 2009 following the acquisition the US bread-making unit of Canada-based food and retail conglomerate George Weston in December 2008. Bimbo's earnings reached MXN1bn (US$76mn) while total sales increased by 46.5% to come in at MXN28.3bn. Excluding the acquisition, Bimbo's net sales increased by 15.8% in the

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