Brazilian food group Marfrig Alimentos has swung into the black during the third quarter of the year, with its numbers boosted by acquisitions.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Net income for the period reached BRL200.4m (US$115.6m) compared to a net loss of BRL52.7m a year earlier.
EBITDA for the period rose 59% to reach BRL272.53m.
Net revenue reached BRL2.40bn, up 57.7% on the third-quarter of 2008.
The figure, however, was down 0.1% in relation to the second quarter, mainly due to the depreciation in the dollar against the Brazilian real of 9.9%.
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 GlobalDataPoultry production jumped 131% in the third quarter of this year from one year ago, while beef production rose 14.5% and pork production gained 15.4%.
“The third quarter of 2009 was marked by the continued execution of our operational plans through the achievement of solid financial indicators. More importantly, however, were the important acquisitions and partnerships in the period, which complemented our strategic planning and strengthened the foundations of our business divisions for a new phase of growth in the coming years,” the company said.
Most recently, Marfrig bought Cargill-owned poultry business Seara Alimentos in September for US$706.2m.
