MEXICO CITY, April 25, 2016 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., the Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALAB), today reported results for the first quarter 2016. The following information has been presented based on International Financial Reporting Standards (IFRS) and in nominal terms.
The following chart provides an abridged Income Statement, in millions of pesos. The margin for each figure represents its ratio to net sales and the percentage change from the quarter ended March 31, 2016, as compared with the same period in 2015:
1st. Q ´15
1st. Q ´16
(1) EBITDA is defined as operating income before depreciation and amortization.
(2) Net Income refers to Consolidated Net Income.
Message from Management
Scot Rank, Grupo LALA´s CEO:
"With the results achieved during the first quarter of 2016, we insist on being enthusiastic about the opportunities for growth and expansion that LALA has, by always seeking to align the Company strategy with consumer trends towards healthier food habits".
Grupo LALA, a Mexican company focused on healthy and nutritious food, has over 65 years of experience in producing, revitalizing and marketing milk, dairy products and drinks with the highest quality standards. There are 19 LALA production plants in operation and 166 distribution centers in Mexico and Central America, and it has more than 33,000 team members. LALA operates a fleet of more than 7,000 vehicles to distribute their 600+ products, which are delivered to over 550,000 points of sale. LALA´s portfolio it´s led by its two flagship brands LALA® and Nutri Leche®.