Industrias Bachoco Q2 2016 Earnings Results

Industrias Bachoco reported Q2 2016 results with net sales increasing 12.9% to $13.4 billion Mexican pesos, driven by higher volumes and price recovery in chicken products. EBITDA reached $2.3 billion with a 17.4% margin, and earnings per share totaled $2.63, up from $2.32 in Q2 2015. The company maintained strong financial position with net cash of $11.3 billion despite higher raw material costs from peso depreciation.