July 24, 2018 / 10:24 PM / 5 months ago

Mexico's Grupo Bimbo's net profit shrinks

MEXICO CITY, July 24 (Reuters) - Mexican breadmaker Grupo Bimbo said on Tuesday its second-quarter net profit fell 87 percent compared to the year-earlier quarter.

The company said net profit was 195.5 million pesos ($9.8 million) between April and June.

Bimbo in recent years has expanded into China, India and Morocco, while growing its U.S. footprint. ($1 = 19.8730 pesos) (Reporting by Mexico City Newsroom)

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