Brazil-based meat processor Marfrig has swung to a loss in the first quarter of 2009 despite seeing sales more than double.
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.
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.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
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