Food company Perdigao has announced increased sales in the first half in domestic and export markets, but net income was down, because of the sharp appreciation of real against the dollar.
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Gross sales for the second quarter were 1.483bn reais (US$650m), compared with 1.377bn in the same period last year. Net income was 83.5m reais, compared with 90.7m last year.
“Export performance has been particularly positive, bearing in mind the exceptional results achieved in the second quarter of last year and set against an average appreciation in the exchange rate of 20.6% in the 2Q 2005 in relation to 2Q 2004,” said the company’s CFO Wang Wei Chang.
