Brasil Foods Outperfoming But Much Still Depends On Antitrust Ruling

Brazil's largest food firm Brasil Foods has posted a rise in net sales and earnings for 2010. For the 12 months to the end of December, Brasil Foods registered an 8.3% increase in sales which came in at BRL22.7bn. Meanwhile, EBITDA surged by 167% to reach BRL959mn and net income increased by 125% on a pro forma basis to reach BRL804mn. The results indicate that the firm successfully contended with rising commodity costs during the year and this has had a positive impact on Brasil Foods share price, which was already trending steadily upwards (see chart). However, it must be

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