Brasil Foods Sees R$210 Million Q3 Profit

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Friday, November 13, 2009

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Brasil Foods Sees R$210 Million Q3 Profit

BRAZIL - Meat and poultry processing giant, Brasil Foods, has recorded profits of R$210 million (real) in the third quarter of the year.

The company formed by the merger of Perdigão and Sadia had net revenue of R$5.3 billion.

In the third quarter report, the company said that it had sales in volume of 1.4 million tonnes of processed meat products, dairy products and other processed foods.

The company saw the majority of its sales worth R$3.8 billion (58 per cent) in the domestic market.

Exports were R$2.3 billion. The company said that export revenue was hit by high exchange rates, but in turn this benefited the home market.

Gross revenue was R$6.2 billion and gross profit was R$1.1 billion.

ThePigSite News Desk