BRF strategy includes withdrawing volumes from international markets with lower margins

BRF strategy includes withdrawing volumes from international markets with lower margins

Brazilian food group BRF has said it is reaping the rewards of a focus on more profitable products and markets after reporting an increase in half-year earnings.

BRF posted a 3% rise in net income to BRL583m (US$257.9m) for the six months to the end of June, as a jump in second-quarter profits offset a first-quarter fall. Half-year operating income was up 21.3% at BRL1.3bn.

Net sales grew 2% to BRL15bn, with revenue from BRF's domestic operations up 5.3%. BRF said its sales of poultry in Brazil were up 13%, while sales of processed foods increased 6%.

Internationally, BRF said it is withdrawing volumes from regions with lower margins. The company said the strategy was paying off, with prices in the second quarter up year-on-year.