Brazilian meat processor Perdigao has reported record growth of 139.3% in full-year profits for 2004.
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The company said 2004 net income was BRL295.6m (US$114.9m), reflecting an “excellent export performance”. Net sales were up 27.7% to BRL4.9bn. During the year, exports grew 48.4% to BRL2.7bn. Sales volumes were 23.8% higher than for 2003 and surpassed company forecasts.
Other factors that impacted the company’s performance were improvement in product mix and prices, and maintenance in domestic market costs.
For 2005, Perdigao is forecasting 9% growth in sales volumes based on current trends in both domestic and export markets.
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