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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In its domestic market, sales climbed 84% as the group pushed price increases through. 

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