Brasil Foods yesterday (12 November) posted a jump in third-quarter profit after a strengthening local currency helped cut debt costs.
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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.
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By GlobalDataIn its domestic market, sales climbed 84% as the group pushed price increases through.
