•  Q1 net sales BRL4.79bn (US$2.16bn), compared to BRL4.37bn 
  •  EBITDA BRL392.7m, versus BRL366.5m
  •  Net loss of BRL96.4m, compared to a loss of BRL59.6m
Marfrig stresses improved operating performance

Marfrig stresses improved operating performance

Brazilian meat group Marfrig has seen sales and operating profits rise in the first quarter - but net losses also mounted in the period.

The company said sales in the three months rose 9.4% while EBITDA increased 7.2%.

Marfrig stressed a "solid performance" from all its operating units enabled it to post a quarter of "consistent improvement in operational performance".

However, higher depreciation and amortisation, as well as lower financial income, dented the bottom line. It made a net loss of BRL96.4m, compared to BRL59.6m a year earlier.

Click here to view the release from Marfrig.