The Antioquian food company which is part of GEA (Spanish acronym for Antioquian Business Group), and the fourth food company of Latin America regarding its market value, presented its earnings report for the first semester of 2012 this week.
The company presented an increase of 28.40% annually in their net incomes due to the cost management, the lower costs of the raw materials and the refinancing of its debt which allowed the company to decrease its financial costs.
The sales incomes of the company rise up to 2.340.000 million COP$ in the domestic market representing an increase of 10.70%, thanks to the execution of new distribution plans which the company has been forwarding since the beginning of 2010.
The consolidated operative income was 312.054 million COP$ registering an increase of 11.10% in comparison with the same period of the last year.
These great numbers allowed the company to improve 50 basic points its Ebitda margin going from 12% to 12.50% in one semester.