April 26, 2018 / 10:00 PM / 5 months ago

Mexico's Bimbo quarterly profit rises 28 pct

MEXICO CITY, April 26 (Reuters) - Mexican breadmaker Grupo Bimbo posted first quarter net profit of 1.27 billion pesos ($69.5 million), up 28 percent from a year earlier, the company said on Thursday.

Revenue increased 1.6 percent to 67.15 billion pesos, up from 66.08 billion in the same period a year ago due to "solid volumes in Mexico" and recent acquisitions over the last year, Bimbo said.

$1 = 18.303 at the end of March Reporting by Anthony Esposito

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