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Marfrig makes profit of R$ 10.4 million in third quarter

Marfrig, one of Brazil's largest animal protein processors, posted a net profit (attributable to shareholders in the parent company) of R$ 10.4 million in the third quarter of this year, compared with a loss of R$ 540 million in the same period in 2011.

Between July and September the company earned record revenues of R$ 6.3 billion, up by 14.1% on the R$ 5.5 billion filed in the third quarter of last year. Marfrig has put the growth in revenue during its incorporation of assets purchased from Brazil Foods (BRF) down to organic growth of the processed foods division, increased sales of higher added value products, and the more favorable environment for the production of beef in Brazil, which increased profitability for the cattle division.


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