Grupo Nutresa, the Colombia-based food manufacturer and restaurant operator, has reported a rise in sales and operating profit for 2016 but saw financial expenses weigh on its bottom line.
The company booked a 9.2% increase in its operating revenue to COP8.68trn (US$3bn) for last year. Excluding the impact of recent acquisitions, revenue rose 8.3%. Sales in Colombia grew 9.1% to COP5.4trn or by 7.7% when excluding the impact of the acquisition of restaurant chain Grupo El Corral. Overseas sales were up 9.4% at COP3.3trn.
Go deeper with GlobalData
Nutresa’s growth in sales contributed to a 4.1% increase in operating profit to COP814.97bn.
However, the group, which has a food portfolio including biscuits, chocolate, ice cream and pasta, filed net profit of COP395.73bn, a fall of 7.2% on 2015 amid a rise in financial costs and in its deferred income tax.
“Productivity efforts, the development of distribution networks and innovation were decisive to obtain these results and give us a good base to face 2017 optimistically,” Nutresa said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
