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Brazilian meat processor BRF posts net profit of $201 million for second quarter
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Brazilian meat processor BRF posts net profit of $201 million for second quarter
Aug 14, 2024 4:09 PM

SAO PAULO, Aug 14 (Reuters) - Brazilian pork and poultry

processor BRF SA ( BRFS ) reported a net profit of 1.1 billion

reais ($201 million) in the second quarter, according to a

financial statement released on Wednesday.

The company beat the average analyst forecast of 793 million

reais compiled by LSEG for the quarter.

BRF also reported earnings before interest, tax,

depreciation and amortization, a measure of operating income

known as EBITDA, of 2.6 billion reais for the three months from

April to June.

The EBITDA, it said, was its highest ever.

BRF CEO Miguel Gularte said in a statement that the results

were driven by robust margin growth in all of its markets and

higher volumes.

($1 = 5.4714 reais)

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