Grupo LALA Releases 2016 Q2 Report

Grupo LALA has announced the results of its second quarter financial report for this year. The company announced increases to several sectors of its financials. 

"During the first half of 2016, our focus on the four strategic priorities, allowed us to achieve important accomplishments, highlighting: a solid top-line growth, the agreement to acquire the branded business of Laguna Dairy to enter the US market and the strategic agreement with Florida Bebidas Company for the production, distribution and sell of LALA® products in Costa Rica," stated Scot Rank, CEO.

The following financials were reported by the company, according to a recent press release, when compared to last year’s results from the same quarter:

• Net Sales increase of 8.9 percent to close at 12,903 million pesos
• Margin EBITDA expansion of 50bps, to close at 14.6 percent
• Net Income of 1,101 million pesos, a 10.1 percent increase year on year

During the quarter, the company also entered into an agreement to acquire Laguna Dairy Company to further its growth in the U.S. markets, as we previously reported. Grupo LALA also signed an agreement with Florida Bebidas, S.A., to expand its distribution and sales in that region.

For more expanded information on the company's Q2 2016 report, click here.

As Grupo LALA continues to keep its eyes centered on the footprint and growth of its company, Deli Market News will have the latest.