Grupo LALA, S.A.B. de C.V. ("Grupo LALA" or "LALA"), Mexico's leader in healthy and nutritious foods, today announced its unaudited results for the fourth quarter and full year 2013.
Arquimedes Celis, Grupo LALA's CEO, commented, "2013 was an excellent year for our company; we went public and thereby reaffirmed our shareholder commitment through one of the most successful IPOs in industry history. It was also an important year as far as achievements and challenges, which reaffirmed the strength of our business model, as consumers' preference for LALA products helped us achieve growth levels above the market average. Our shareholders' support and confidence were also decisive factors in achieving these goals." He continued, "We believe that continued execution of our successful business model will again allow us to achieve our 2014 goals of strong growth and, as a result, returns for our shareholders."
HIGHLIGHTS
Strong 7% year on year increase in net sales40 basis point margin expansion for the full year 201369% increase in full year net income, reaching 2.8 billion pesosDividend of 0.64 pesos per share, paid in two separate tranchesFourth quarter gross profit increased by 9.8%, or 365.2 million pesos, year on year to 4,096.2 million pesosFourth quarter gross margin of 36.9%, as compared to the 35.9% reported for the same period last year
