Brazilian meat giant Marfrig has returned to profit in the third quarter of the year. In the three-month period, net income amounted to BRL$10.4m (US$5.1bn), reversing a net loss of BRL$540m recorded a year ago. Marfrig put the ...
Tags: meat giant, Marfrig, company profit, Seara Foods, added products
Brasil Foods has booked a 75% drop in third-quarter profits as higher feed costs more than offset sales gains in the period. The Brazilian meat company said net income fell to BRL91m (US$44m) in the three months, down from BRL365m in the ...
Tags: Foods, meat company, grain prices, feed costs, profit
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition