January 2016
Intermediate to advanced
480 pages
132h 28m
English
book
Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e
by Fred R. David, Forest R. David
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Future
On July 22, 2015, Gruma reported its second quarter of 2015 results. The company generated net profits of MXN (pesos) 1.156 billion while sales increased 4 percent to 960,000 metric tons. For that Q2, sales were up MXN 1.938 billion, from MXN 12.297 billion in Q2 of 2014 to a new figure of MXN 14.28 billion. The company’s operating profit increased 22 percent during Q2 of 2015, due to improved performance in all its subsidiaries, particularly in the United States, as well as greater efficiencies and the positive effects of the depreciation of the Mexican peso. For Q2 of 2015, Gruma’s net sales from operations outside of Mexico accounted for 73 percent of consolidated results. Also for Q2, Gruma’s EBITDA experienced double-digit growth ...
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