Brazil-based meat processor Marfrig has swung to a loss in the first quarter of 2009 despite seeing sales more than double.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Marfrig, which is among the world’s top ten poultry processors, booked a first0quarter net loss of BRL38.2m (US$18.1m), compared to net income of BRL25m in the first three months of 2008.
Gross margins stood at 13.9%, down 620 basis points on the figure file for the first quarter of 2008.
However, net revenue jumped by almost 111% to BRL2.25bn, while EBITDA reached BRL163.5m – up over 28% on the year.
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
