Mines oven almost triples profit in the 1st semester and seeking acquisitions

The company Mines oven food almost tripled its net profit in the first half of this year, as compared to the same period in 2014, as informed balance to the Brazilian Securities Commission (CVM).
Are the first financial statements of the company disclosed after his application for registration as a publicly-traded company, made in August.
The numbers come right out in the middle of the market's expectation that the manufacturer of cheese breads can become the first company to go public this year with an offer of shares of restricted efforts, as reported the value earlier this month.
The Oven, commanded by Helder Mendonça, recorded net income of r $ 7.2 million in the first half. In the same range of 2014, were $ 2.6 million. Revenues grew 16.5 percent on the same basis of comparison, for R $ 105,6 million.
The revenue increase was driven by 13.2% advance in the retail segment, to $ 65,2 million, as a result of price increase applied in March-in 2014, remarking only occurred in June.
In the segment of "food service" (or food outside the home), revenues grew 37.8% in the first half, r $ 29,4 million, driven by changes in the operational structure, with the adoption of a dedicated team to the Division. In dairy products, there was a 6.6% decline in sales, to $ 11.1 million.
In the first half, the high costs of the company was only 0.85% compared to the previous year, a result of drop in inputs and volume sold, with constant price increase and better use of production capacity. So, given the high revenues, gross profit grew by 39.4%, to R $ 51,5 million.
Operating expenses advanced 18.1% from January to June, compared to the previous year, drawn by increased freight expense, for $ 19.3 million. Still, the operating result more than doubled, going from r $ 5.4 million in the first half of 2014, for $ 14 million in the first half of this year.
The Oven of Mines held 47.5% market share of cheese bread in may, according to the Nielsen consulting.
With respect to the acquisition strategy, the Oven mines on its balance sheet highlights that goes on "in search of opportunities for expansion of its operations in current markets and in potential markets where the company".