• Net income increased 46% to BRL364m
  • Weaker Brazilian currency helps results
  • Perdigao brand suspension lifted

BRF saw an improvement in its profits during the second quarter, with the meat group benefiting from the translation of its international sales into its weaker domestic currency, the Brazilian real.

EBITDA was up 43.6% to BRL1.4bn. BRF's profitability was helped by higher average selling international prices when measured in Brazilian reais.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

For example, sales from BRF's division covering the Middle East and Africa jumped 29.3% in the second quarter, thanks to a 28.5 percentage point rise in average prices in reais. Volumes inched up 0.6%.

Total net operating revenue increased 12% to BRL7.9bn.

Net income hit BRL364m (US$107.9m). However, Reuters reported analysts had been expecting BRF's second-quarter net income to hit BRL437m.

BRF's domestic business saw its EBIT drop 3.9% to BRL389m despite an 8% increase in sales to BRL3.96bn. Volumes dipped but a 15% increase in processed food sales helped its revenue.

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.

Overall, BRF said it "closes the first half of the year well positioned, despite the unfavorable and equally challenging period for the country given the current macro-economic scenario".

It pointed to now being able to relaunch some products under the Perdigão brand. The company had to suspend its use of the brand as part of getting regulatory clearance of the merger between Sadia and Perdigão, which formed the group in 2011.

"The company is now able to fully show the strength of its brand," BRF said.