BRAZIL: BRF net profit hit by restructuring
- BRF Q1 net profit down 12% to BRL315m
- EBITDA up 7.1% to BRL861m
- Sales rise 1.8% to BRL7.3bn
BRF operating result strengthens
Brasil Foods (BRF) booked a rise in first-quarter sales and operating profit but saw net profit dented by one-time costs.
Sales value was driven by pricing in export markets but volumes came under pressure as BRF adjusted its mix and stepped back from less profitable volume. The company said this, together with cost reduction, boosted margins.
Operating expenses associated with the group's restructuring plan hit the bottom line but BRF stressed the initiative should "provide for an additional BRL1.9bn in operating results" by 2016.
Click here to view the release.
- USDA's GMO move may block mandatory labels
- Premier Foods to push on with range revamp
- Why FMCG background key for next Thorntons CEO
- just-food's pick: Products on show at SIAL China
- Focus: Why Dairy Crest needs to offload dairies
- Unilever CFO Jean-Marc Huet stands down
- Kerry adds to Mattessons' adult snacking range
- Premier Foods sees FY profits fall
- Mars launches "healthy" snacks Goodnessknows
- Mondelez to cut jobs at Chicago site
- ALDI 2015: Radically transforming Anglo Saxon grocery markets
- Pizza Delivery & Takeaway in the UK - Industry Market Research Report
- Mars Inc in Packaged Food (World)
- Chocolate Flavors Market by Application & Region - Global Trends & Forecast to 2019
- Global Database of the Top 1000 Chocolate and Confectionery Producers - Company Names, Financial Performance, and Contact Details