Brazilian meat processor Marfrig posted an increase in second-quarter net income yesterday (11 August).


Net income for the period reached BRL405m (US$219m), reversing a net loss of BRL38.2m recorded in the first quarter and growing 510% over BRL66.4m posted in the second-quarter of 2008.


Net revenue jumped 97.5% to BRL2.40bn for the period. The figure is up 6.8% on the first-quarter of 2009. Sales volume increased 5.8% from the first-quarter of the year.


The company’s processed products division posted net revenue of BRL707.9m – 242.7% higher than in the comparable period of 2008, when the products represented 17% of net revenue.


EBITDA was BRL183.4m in the quarter, increasing 32%.

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.