Brasil Foods yesterday (12 November) posted a jump in third-quarter profit after a strengthening local currency helped cut debt costs.

The company, formed earlier this year when Perdigao bought local rival Sadia, said profits rose to BRL211m (US$121m), from a loss of BRL52m a year earlier.

Profits were boosted by increased sales and lower financial expenses.

The meat processor reported a net financial gain of BRL223m in the period, compared with an expense of BRL244m last year.

The company, meanwhile, said revenue surged 74% to BRL5.29bn.

In its domestic market, sales climbed 84% as the group pushed price increases through.