Mastellone lost $ 1,024 million in three months because it could not transfer the costs of its products to price.

The country’s leading dairy industry, Mastellone Hermanos SA, today reported to the National Securities Commission millions of losses in its business. As defined in a statement, the brand owner of La Serenissima, “in the first quarter of 2022 had a negative operating result of $ 1,024 million, “ because it was made official when its results were displayed quarterly in front of that body.

In an elevation shot to the Government, which repeatedly pointed to the responsibility of manufacturers to increase inflation, the company explained: “These results reflect a new decline in its operating margins, non -transferable products have permanent increases in their costs in selling prices. As in previous periods, far from strengthening the consumer price index, the company is absorbing cost inflation, at the expense of its economic results, ”he said.

It happens that, in the midst of intensifying inflation, the Government puts a magnifying glass on companies and their cost structure. Even the President in March also referred to “devils raising prices” as referring to traders.

In the statement, the company featured: “It should be noted that the Mastellone Hermanos it processes only 12% of the country’s raw milk and always prioritizes its production and marketing to supply the demand of the domestic market. In this sense, it has participated for many years in programs organized by the National Government, such as “Care Prices”, whose prices can only be updated in January of the current year after five months since previous increase.

Finally, the dairy statement stated: “The company has reaffirmed its commitment to consumers, as it has done throughout its 93 years, daily providing 70,000 points of sale throughout Argentina with quality that is forever “.