IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Doux Frangosul exports down 7.4%

Doux Frangosul filed a 4% fall in gross revenue in 2011, to R$ 1.46 billion. Exports fell by 7.4%, to R$ 1.06 billion, while domestic sales grew by 6.1%, to R$ 402.1 million.

Net income also fell by 4%, to R$ 1.4 billion, while gross margins decreased from 25.4% to 24%. The result was also hampered by an increase from R$ 82.6 million to R$ 125.6 million in net financial expenses.

The balance sheet for Doux filed R$ 312.9 million in "recoverable taxes," generated mainly by exports. The report by the independent auditors Baker Tilly Brasil, however, raises questions about the real possibility of recovery of such amounts, taking into account the operations to transfer almost all the company’s operating activities.

Information provided by Valor Economico

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO193456

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel