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Grupo Bafar Reports First Quarter Results 2024

Retrieved on:

Monday, April 22, 2024

Investment, Uncertainty, NNN, History, BMV, Pepperoni, Division, Fine chemical

CHIHUAHUA, Mexico, April 22, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the national food sector, has announced its results for the first quarter of 2024, highlighting solid growth in its main divisions.

Key Points:

CHIHUAHUA, Mexico, April 22, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the national food sector, has announced its results for the first quarter of 2024, highlighting solid growth in its main divisions.
During the first quarter of 2024, Grupo Bafar reaffirms its position as one of the leading food companies in Mexico, consolidating four decades of business success.
The company's Food Division, Bafar Alimentos, recorded record revenues of $6,618.4 million pesos, a historic figure for a first quarter.
Eugenio Baeza Fares, Chairman of the Board of Grupo Bafar, expressed his satisfaction with the results obtained in the third quarter of 2023 and commented on Grupo Bafar's trajectory over the past 40 years.

Grupo Bafar Reports Fourth Quarter 2023 Results

Retrieved on:

Thursday, February 15, 2024

Acquisition, Investment, BMV, ZF, Trust, Regal

CHIHUAHUA, Mexico, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the Mexican food sector, has announced its results for the fourth quarter of 2023, highlighting solid growth in its main divisions.

Key Points:

CHIHUAHUA, Mexico, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the Mexican food sector, has announced its results for the fourth quarter of 2023, highlighting solid growth in its main divisions.
During the fourth quarter of 2023, Grupo Bafar reaffirms its position as one of the leading food companies in Mexico, consolidating four decades of business success.
The financial results for the fourth quarter of 2023 confirm Grupo Bafar's solid financial position, which allowed it to make strategic investments of close to $4,818.5 million pesos.
Eugenio Baeza Fares, Chairman of the Board of Grupo Bafar, expressed his satisfaction with the results obtained in the fourth quarter of 2023 and commented on the employee’s hard work and commitment towards the company.

Grupo Bafar inaugurated a new production plant in Michoacan

Retrieved on:

Thursday, February 8, 2024

Food industry, Growth, Complex, Development, C.V, USD

CHIHUAHUA, Mexico, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B.de C.V. (BAFAR), a leader in the food industry, continues its path of growth and innovation with the recent investment in a new pepperoni production plant in the agro-industrial Complex located in La Piedad, Michoacan.

Key Points:

CHIHUAHUA, Mexico, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B.de C.V. (BAFAR), a leader in the food industry, continues its path of growth and innovation with the recent investment in a new pepperoni production plant in the agro-industrial Complex located in La Piedad, Michoacan.
The plant will have a capacity of 1,000 tons per month.
This new production plant required an investment of $33 million USD and is fully automated.
This initiative will not only benefit Grupo Bafar but also the local economy, strengthening collaboration and sustainable growth in the region.

Grupo Bafar Reports Third Quarter 2023 Results

Retrieved on:

Wednesday, October 18, 2023

Outsourcing, Pepperoni, History, Acquisition, BMV, Food quality, Safety, Investment

CHIHUAHUA, Mexico, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the Mexican food sector, has announced its results for the third quarter of 2023, highlighting solid growth in its main divisions.

Key Points:

CHIHUAHUA, Mexico, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the Mexican food sector, has announced its results for the third quarter of 2023, highlighting solid growth in its main divisions.
During the third quarter of 2023, Grupo Bafar reaffirms its position as one of the leading food companies in Mexico, consolidating four decades of business success.
The financial results for the third quarter of 2023 confirm Grupo Bafar's solid financial position, which allowed it to make strategic investments of close to $2,988 million pesos.
Eugenio Baeza Fares, Chairman of the Board of Grupo Bafar, expressed his satisfaction with the results obtained in the third quarter of 2023 and commented on Grupo Bafar's trajectory over the last 40 years.

Coeur Provides Palmarejo Exploration Update

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Wednesday, August 9, 2023

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on the exploration programs at its Palmarejo gold-silver complex located in southwest Chihuahua, Mexico.

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Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on the exploration programs at its Palmarejo gold-silver complex located in southwest Chihuahua, Mexico.
In addition, mapping and sampling of East Palmarejo has defined numerous mineralized trends and high-priority targets set to be drilled beginning in 2024.
“Coeur has invested over $60 million in exploration and infill drilling at Palmarejo since 2018, which has led to strong reserve and resource growth with multiple new discoveries and meaningful extensions to its mine life,” said Mitchell J. Krebs, President and Chief Executive Officer.
“In addition, we continue to build exploration momentum in the eastern portion of the Palmarejo land package which to date has seen minimal systematic exploration.

Grupo Bafar reports second-quarter results for 2023

Retrieved on:

Friday, July 28, 2023

Workforce, Growth, BMV, Investment, Pharmaceutical industry

CHIHUAHUA, Mexico, July 28, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the national food sector, has announced its results for the second quarter of 2023, highlighting solid growth in its main divisions.

Key Points:

CHIHUAHUA, Mexico, July 28, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB), a recognized leader in the national food sector, has announced its results for the second quarter of 2023, highlighting solid growth in its main divisions.
During the second quarter of 2023, Grupo Bafar continued to demonstrate its growth and strength in the market, achieving significant margin improvement despite moderate sales growth.
The financial results for the second quarter of 2023 confirm Grupo Bafar's solid financial position, enabling strategic investments of nearly $2,163.3 million pesos.
Eugenio Baeza Fares, Chairman of the Board of Grupo Bafar, expressed his satisfaction with the results obtained in the second quarter of 2023 and reiterated the company's commitment to continue generating value for its shareholders and customers.

Grupo Bafar real estate division represented by Fibra Nova, announces successful follow-on offering

Retrieved on:

Thursday, June 1, 2023

Growth, Initial public offering, BMV, Safra National Bank of New York, GBM, Cebur, Securities commission, Security (finance)

This was the first public offering in Mexico where investors entered their orders 100% digitally through the GBM+ platform, where more than 21,000 orders were assigned with the participation of more than 18,000 investors.

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This was the first public offering in Mexico where investors entered their orders 100% digitally through the GBM+ platform, where more than 21,000 orders were assigned with the participation of more than 18,000 investors.
Through this offer, Fibra Nova placed more than 2,721 million pesos with a total of 93,854,356 CBFIs at a unit price of $29.00 pesos.
The settlement of the offer will take place on Friday, June 2, 2023.
This placement represents the third time that Fibra Nova has successfully gone to the capital market with GBM as underwriter, including the Initial Public Offering.

Grupo Bafar Reports First Quarter 2023 Results

Retrieved on:

Tuesday, May 2, 2023

MXN, Growth, FFO, EBITDA, BMV, Investment

CHIHUAHUA, México, May 02, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB) recognized as one of the main companies in Mexico within the food business, with an important participation in various sectors, such as agroindustrial, finance, and real estate, has announced its results for the first quarter of 2023.

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CHIHUAHUA, México, May 02, 2023 (GLOBE NEWSWIRE) -- Grupo Bafar, S.A.B de C.V. (BMV: BAFARB) recognized as one of the main companies in Mexico within the food business, with an important participation in various sectors, such as agroindustrial, finance, and real estate, has announced its results for the first quarter of 2023.
Consolidated net sales increased 5.4%, year-on-year, to US $338.1
Investments during the quarter of more than US $64.5 million.
The current credit placement, including operations with related parties, presented an increase of 81.4%
Revenues for the first quarter amounted MXN $6,117.7 million (US $338.1 million), achieving an increase of 5.4% compared to MXN $5,806.8 million (US $320.9 million) in the first quarter of 2022.
EBITDA and FFO reached MXN $241.8 million (US $13.0 million) and MXN $210.8 million (US $11.3 million) with a margin of 93.0% and 81.0%, respectively.

Grupo Bafar Reports Fourth Quarter and Full Year 2022 Results

Retrieved on:

Thursday, February 23, 2023

MXN, BMV, Growth, Investment, Property management, Bank

In 2022, the issue of credit registered 5 years ago was doubled and an increase of 49.5% in revenue was recorded.

Key Points:

In 2022, the issue of credit registered 5 years ago was doubled and an increase of 49.5% in revenue was recorded.
The growth in sales was driven by a significant increase of 11.4% in sales volume in the food division.
For the real estate division, represented by FIBRA NOVA (BMV: FNOVA17), 2022 was a historic year as it surpassed the one billion pesos mark in revenue.
Total revenues amounted to MXN $1,005 million (US $50,091 million) presenting an increase of 45.6% over the previous year.

Grupo Bafar welcomes new independent members to its Board of Directors

Retrieved on:

Friday, November 18, 2022

LP, Mexican Stock Exchange, White Rose Food Division, Administration, Meat, BMV, Real, Bolsa Institucional de Valores, Dairy, Universidad Argentina de la Empresa, Harvard Business School, Independent Board for Presbyterian Foreign Missions, Capital, Economic development, BIVA, Industrial engineering, Institute of Public Accountants, Holding company, Management

It is through this commitment that at the Annual Shareholders' Meeting held on April 22 of the current year, the incorporation of Gabriela Eugenia Seplveda Elizondo to the Board of Directors as an Independent Board Member was approved.

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It is through this commitment that at the Annual Shareholders' Meeting held on April 22 of the current year, the incorporation of Gabriela Eugenia Seplveda Elizondo to the Board of Directors as an Independent Board Member was approved.
She is currently CEO of Autotransportes del Real S.A. de C.V and is Counselor to the Economic Development of the State of Chihuahua A.C.
In addition, at the meeting of the Board of Directors on Friday, November 11, the incorporation of Maria Ariza Garcia Migoya as an Independent Board Member was proposed, unanimously approving her incorporation to the Board and whose appointment will be proposed at the next Shareholders' Meeting for ratification.
With more than 35 years in the market, it has a presence throughout the Mexican Republic and the southern United States.