February 26, 2010 / 12:01 AM / 8 years ago

UPDATE 1-Mexico's Bimbo 4th-quarter net jumps, U.S. helps

MEXICO CITY, Feb 25 (Reuters) - Mexican bread maker Bimbo said on Thursday its fourth-quarter net profit rose 38 percent as sales got a lift from U.S. operations acquired a year ago.

Bimbo (BIMBOA.MX), which also operates in other Latin American countries, said it earned 1.76 billion pesos ($134 million) in the October-December period, compared with 1.27 billion pesos in the same quarter of 2008.

Quarterly revenue grew by 35 percent to 30.1 billion pesos.

In January of last year, Bimbo acquired the U.S. unit of Canada’s George Weston Ltd (WN.TO) for $2.38 billion, adding a very strong operation in one of the biggest bread markets worldwide.

Bimbo shares fell 1.31 percent to close at 93.21 pesos on Thursday, before earnings results were disclosed. ($1=13.10 at end-Dec) (Reporting by Cyntia Barrera Diaz; editing by Andre Grenon)

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