BRF Reports a 3rd Quarter 216% Rise in Net Income
Net sales increase 5.4% and reach R$ 7.6 billion; adjusted EBTIDA shows a 61%
SAO PAULO, Oct. 28, 2013
SAO PAULO, Oct. 28, 2013 /PRNewswire/ -- RF reported a third quarter 2013 net
income of R$ 287 million, an increase of 216% in relation to 3Q12. Net margin
showed a 2.5 percentage point improvement, reaching 3.8% in the period. The
company reported gross profits of R$ 1.9 billion, 25% more than for the same
period last year with gross margin increasing from 21.2% to 25.2%.
(Logo: http://photos.prnewswire.com/prnh/20131025/BR04497LOGO )
Consolidated net sales rose 5.4% to R$ 7.6 billion while adjusted EBITDA
reached R$ 911 million, a year-on-year improvement of 61%. Adjusted EBITDA
margin was 12% against 7.9% reported for the same period in 2012.
Among the factors contributing to this favorable performance are the results
of operational and financial improvements introduced by the company and a
gradual recovery in exports, with prices receiving a boost from the exchange
rate. There was also a shift in the portfolio product mix towards higher value
added and the inclusion of 41 new products during the quarter – all of which
contributing to better margins.
With growth in cash generation and reduced leverage, results are in line with
the Acceleration Plan which BRF announced in August with the aim of making the
company a global benchmark in its segment of business.
During the quarter, BRF invested R$ 377 million, of which R$ 127 million in
biological assets. These investments were largely dedicated to increasing
production capacity, construction and expansion of units and production lines,
automation projects, improvements in processes and in support activities.
Other highlights of the period were the financial trading volume in the
company's equities which reached an average of US$ 80 million per day, 6%
greater than 3Q12. BRF was also selected as a component of the new United
Nations Global Compact index and for the second year running, the Dow Jones
Sustainability Emerging Markets Index.
SOURCE BRF S.A.
Contact: Ana Carolina Bastos , Tel +55 11 2322-5037
Press spacebar to pause and continue. Press esc to stop.