Marfrig Earnings Jump to Three-Year High on Chicken Demand [Yahoo! Finance Canada]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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Source: Yahoo! Finance Canada
in three years as the Brazilian meat giant benefited from a surge in chicken profits and beef exports. Most Read from Bloomberg Earnings before items such as interest and taxes were 3.9 billion ($670 million) in the third quarter, the Sao Paulo-based meat producer said on Wednesday. That's up 60% from a year earlier and the highest for the period since 2021. Results were helped by a record quarter at BRF SA, Brazil's largest chicken producer that's is more than 50% owned by Marfrig. Marfrig's South American business also benefited from 30 new export permits, which allowed the company to ship to countries that usually pay more like Mexico and the US. “Exports prices are on the rise — only in October there was an increase of more than 10% on beef prices paid by China and markets in North America are paying above that,” Marfrig's Chief Executive Officer Rui Mendonça Junior said in a call with reporters. Meat producers including JBS SA and Tyson Foods Inc. have benefited from a
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BRFS
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- BRFS's page on the SEC website