Brazil's M. Dias Branco has posted a 14% jump in full-year profits on the back of higher demand for its products.

The food manufacturer said net income for the year increased from BRL524.4m (US$180.1m) to BRL599.3m.

EBITDA increased 14.3% to BRL770.4m and sales jumped 6.2% to BRL4.58bn. This was despite the company saying it was "challenged" by a slowdown in the country's economic activity as a result of the World Cup, and a slowdown in consumption.

During the fourth quarter, net profit grew 30.5% to BRL172.0m while EBITDA increased 27% to BRL186.9m. Sales increased 3% to BRL1.66m.

"Management remains optimistic about M. Dias Branco's performance, fully aware of the challenges to come in 2015 and following years related to implementing its strategy and improving its results, while remaining firmly committed to maximising value for its shareholders," the company said in a statement.

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.