Brazilian food group BRF saw its earnings soar in the first half of the year as the Brazilian poultry exporter benefited from higher sales and an easing of cost increases.

Eearnings reached BRL567m (US$250m), compared to BRL160m last year, the company reported yesterday (29 July).

Operating profit soared 57% to BRL1.6bn from BRL1bn last year. Brasil Foods said the results were driven by gains in commercial performance and an easing in cost increases of its principal raw materials.

Other factors included the “gradual improvement” in export turnover, the devaluation of the Brazilian real against the US dollar and the launch of around 70 products.

Net sales in the period climbed 12% to reach BRL14.73bn.

Click here to view the full earnings release.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.