BRF has booked higher nine-month profits on the back of improved margins and higher sales.
The Brazil-based food group said EBITDA rose 30.5% to BRL3.08bn (US$1.28bn). Net profit increased to BRL1.2m, up 41.3% year-on-year.
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Gains were driven by higher sales, which benefited from changes to the group’s Brazilian retail strategy, product launches and a “solid” international performance. Total sales were up 3.1% in the nine-month period, rising to BRL23bn.
The company added its profit profile is “reaping the rewards of the structural review” introduced last year.
“We are eliminating inefficiencies, have become more proficient and are gaining more agility in the decision-making process, through a structured management approach,” the company said.
