Brazilian poultry exporter Brasil Foods has recorded an increase in first-quarter earnings boosted by lower feed costs, higher sales and a positive domestic performance.
The world’s largest poultry exporter reported a net income of BRL358.5m (US$178.5m) in the three months to the end of March. This compared to earnings of BRL179m last year and was equivalent to a net margin of 5% against 2.4% in the prior year period.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Brasil Foods said the improved performance was a result of a positive contribution from all segments of the business, but particularly from its domestic market, which accounted for 78.5% of the operating result on a margin of 13.4% in the quarter.
Operating profit jumped 94.5% to BRL592m, while the company reported net sales growth of 13.8% to BRL$7.2bn.
Click here to view the full earnings release.
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
