Grupo Bafar S.A.B. De C.V. Announces Consolidated Earnings Results for the Third Quarter and Nine Month Ended September 30, 2016
October 26, 2016
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Grupo Bafar S.A.B. de C.V. announced consolidated earnings results for the third quarter and nine month ended September 30, 2016. For the quarter, the company reported net sales were $2,885,901 compared to $2,378,560 a year ago. Operating income was $189,461 compared to $157,429 a year ago. Income before taxes was $58,290 compared to $76,473 a year ago. Net loss was $64,706 compared to net income of $68,960 a year ago. Net consolidated loss was $63,774 compared to income of $70,217 a year ago. EBITDA was $274,232 compared to $227,915 a year ago.
For the accumulated period, the company reported net sales were $8,057,558 compared to $7,076,672 a year ago. Operating income was $530,696 compared to $481,341 a year ago. Income before taxes was $190,057 compared to $262,236 a year ago. Net loss was $37,978 compared to net income of $197,815 a year ago. Net consolidated loss was $35,208 compared to income of $200,004 a year ago. EBITDA was $765,505 compared to $685,181 a year ago. Book value per share was $14.1 compared to $13.8 a year ago.
Grupo Bafar SAB de CV is a Mexico-based holding company principally engaged, through its subsidiaries, in the food industry. The Company operates through seven business divisions: Consumption Products Division (DPC), which is engaged in the supply of meat, processed meats and dairy products; Retail, which operates the CarneMart and BIF stores; Manufacturing; Logistics, active in the storage and distribution of the products; Cattle Trade, engaged in the breeding of cattle and supplies BIF stores with meat; Poultry Division, responsible for the production and sale of poultry and eggs, and Exports. In addition, the Company markets its products under such brands as Parma, Campestre, Sabori, Bafar, Burr, La Zona, Tres Castillos and Western Grillers, among others. The Company is also active in the provision of travel agency services. As of December 31, 2011 the Company owned such subsidiaries as Intercarnes SA de CV and Intercarnes Texas Co, Cibalis SA de CV and Aiax SA de CV, among others.
GRUPO BAFAR, S.A.B. DE C.V. 
