Adds particulars from the earnings assertion
Adds particulars from the earnings assertion
SAO PAULO, Nov 8 (Reuters) – Brazil’s largest hen processor, BRF SA BRFS3.SA, posted third-quarter internet revenue that beat analysts estimates, serving to the corporate hold its upward momentum pushed by robust home and worldwide demand for meat merchandise.
In an earnings assertion on Friday, BRF stated internet revenue from persevering with operations got here in at 446 million reais ($109 million) within the interval,as internet income rose by 8.4% to eight.Four billion reais from a 12 months in the past.
Analysts had anticipated internet revenue round 171.35 million reais.
Gross sales volumes in FRB’s Brazil section elevated by 8% from the second quarter of 2019, nearly reaching the identical stage of final 12 months, the corporate stated.
After demand peaked through the Ramadan season within the second quarter, BRF famous a slight lower in volumes and margins within the third. Nonetheless, the corporate stated gross sales volumes in key Center East markets have been related…