Vigor files loss of R$ 2.7 million in third quarter
Vigor Alimentos, the dairy company owned by J & F, lost R$ 2.7 million in the third quarter of this year (attributed to the controlling company), compared with a loss of R$ 25.8 million in the same period last year This comparison is pro forma, as Vigor was just a division of JBS last year.
Between July and September of this year, Vigor earned net revenue of R$ 340.3 million, up by 4.3% on the R$ 324.5 million filed a year earlier. Earnings before interest, taxes, depreciation and amortization (EBITDA) at Vigor in the third quarter was R$ 9.6 million, 22.7% up year-on-year. Vigor's EBITDA margin rose from 2.4% in the third quarter last year to 2.8% at the end of September this year.