JUSTIÇA DE SÃO PAULO DETERMINA QUE O MUNICIPIO AUTORIZE A EXPEDIÇÃO DE NOTAS FISCAIS ELETRÔNICAS.
9 de fevereiro de 2024
Por que Rússia deve crescer mais do que todos os países desenvolvidos, apesar de guerra e sanções, segundo o FMI
18 de abril de 2024BRF Brasil Foods SA, the world’s biggest poultry exporter, posted a first-quarter profit after revenue from Brazil doubled, and said sales growth in the Latin American country will continue to outpace Europe and the U.S.
Net income of 53 million reais ($30 million), or 6 centavos a share, compares with a year-earlier loss of 226 million reais, or 1.09 reais a share, Sao Paulo-based Brasil Foods said yesterday in a statement.
Sales almost doubled to 5.05 billion reais from 2.6 billion reais after the company formerly known as Perdigao acquired its biggest Brazilian rival, Sadia. Demand in Brazil for the company’s products will expand by as much as 10 percent this year, outpacing export growth of as much as 5 percent, Chief Executive Officer Jose Antonio do Prado Fay said.
“Domestic demand is good and will stay strong throughout 2010,” Fay said yesterday at a news conference in Sao Paulo. “Demand from international markets is gradually recovering.”
The Brazilian market, where margins are higher, accounted for about 63 percent of sales in the first quarter, the company said yesterday.
Brasil Foods and Sadia are still waiting for approval from Brazil’s antitrust regulator to fully merge assets and operations. The regulator will likely approve the deal by August, Fay said. The companies expect to cut costs by 500 million reais by 2012, he said.
“We continue to view a strong earnings momentum over the next two years,” Alexandre Pizano, an analyst at Bank of America in Sao Paulo, said in a May 4 note to clients. He rates the company a “buy.” “The antitrust regulator’s approval, expected by mid-year, is one of the company’s relevant short- term drivers.”
Brasil Foods fell 10 centavos, or 0.5 percent, to 21.95 reais in Sao Paulo trading yesterday. The earnings results were released after the close of regular trading.