date:Jul 28, 2012
On Wednesday, the group posted a 0.9% drop in profits for the second quarter (April-June) to 887.9m pesos ($66.2m) from 895.5m ($66.8m) in Q2 2011.
This dip came amid a healthy 43% sales surge for Q2 as it pulled in 43.3bn pesos ($3.2bn), thanks to the acquisition of Sara Lee operations.
The bread firm took control of Sara Lee operations in the US, Spain and Portugal as well as Fargo operations in Argentina under the acquisition agreement after its $959m buyout in 2011.
However, the bread gian