Brasil Foods Reports Positive Earnings But Continues To Be Hampered By Delayed Antitrust Decision

Brazil's largest food firm Brasil Foods (BRF) has reported a recovery in its operating performance for the first quarter of 2010. The business, which was formed after Perdigão agreed to acquire debt-laden local rival Sadia, reported revenues that were largely unchanged (on a pro forma basis) coming in at BRL5.047bn. However, earnings before interest, taxes, depreciation and amortisation surged by 148% to BRL447mn, while net income reached BRL53mn, compared to a loss of BRL462.5mn in the same period a year prior. As the country's largest food firm BRF should be well placed to continue driving through efficiencies and growing both

To read the full article, please choose one of the following options: