BRF posts net profit of $201 million for second quarter
BRF beat the average analyst forecast of 793 million reais
16 August 2024
1 minute read
By: Brazilian pork and poultry processor BRF SA reported a net profit of 1.1 billion reais ($201 million) in the second quarter, Reuters reported, citing 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)
