Brazilian beef producer Marfrig revealed yesterday (14 May) that first-quarter profits more than doubled year-on-year on the back of strong revenue growth.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Gross profit for the quarter totalled BRL215.2m (US$129.6m), 54% higher than the first quarter of last year, while EBITDA totalled BRL127.3m, up 71.8%.
Operating margins dipped in the quarter from 21.3% last year to 20.2% this year. Operating expenses rose 37.9% year-on-year, climbing to BRL103.4m.
“Although expenses in the quarter increased, we are pleased with our profit figures which grew out of solid revenues,” a spokesperson for Marfrig told just-food.
However, this was offset by a 60.7% rise in gross revenue, which increased to BRL1.18bn.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
