Brasil Foods (BRF) booked a rise in first-quarter sales and operating profit but saw net profit dented by one-time costs.
Sales value was driven by pricing in export markets but volumes came under pressure as BRF adjusted its mix and stepped back from less profitable volume. The company said this, together with cost reduction, boosted margins.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Operating expenses associated with the group’s restructuring plan hit the bottom line but BRF stressed the initiative should “provide for an additional BRL1.9bn in operating results” by 2016.
Click here to view the release.
