Brazilian food giant Marfrig has filed higher third-quarter sales but seen profits fall on increased selling costs and debt expenses.
Marfrig booked a 15% rise in net revenue to BRL4.94bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, adjusted EBITDA fell from BRL418m a year ago to BRL375m.
The company’s bottom line swung from a net profit of BRL90.6m in last year’s third quarter to a net loss of BRL194.1m. Marfrig ran up higher financial expenses and exchange losses.
Nevertheless, Marfrig pointed to higher sales and margins compared to the second quarter. It pointed to a “good performance” from its Marfrig Beef arm, which saw sales increase but costs stay “stable”.
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
