Business

Molinos shows a 58% drop in profits despite a 10.4% increase in sales

Molinos Río de la Plata, the food company of Pérez Companc group, presented the figures of its consolidated operations in the first half of the year. It had a net profit of 608 million pesos, which represents a fall of 58% compared to the first half of last year. What is striking is that this year sales increased by 10.4%, sold more but earned less. It is explained by the cost increases that couldn’t transfer to prices as a result of the freeze imposed by the government on a wide range of necessities.

Source: Ámbito

Categories: Business