Brazilian meat processor Marfrig posted an increase in second-quarter net income yesterday (11 August).
Net income for the period reached BRL405m (US$219m), reversing a net loss of BRL38.2m recorded in the first quarter and growing 510% over BRL66.4m posted in the second-quarter of 2008.
Net revenue jumped 97.5% to BRL2.40bn for the period. The figure is up 6.8% on the first-quarter of 2009. Sales volume increased 5.8% from the first-quarter of the year.
The company’s processed products division posted net revenue of BRL707.9m – 242.7% higher than in the comparable period of 2008, when the products represented 17% of net revenue.
EBITDA was BRL183.4m in the quarter, increasing 32%.
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