SAO PAULO, Nov. 12 /PRNewswire-FirstCall/ -- BRF Brasil Foods (NYSE: PDA)
announces results for the third quarter of 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090710/SPF002LOGO )
BRF Brasil Foods' third quarter balance sheet consolidates the results for
Sadia (a wholly owned subsidiary) and its controlled companies. In the period,
the company reported net income of over R$ 210 million and net sales of R$ 5.3
billion. The company commercialized a total of 1.4 million tons of meats,
dairy products and other processed items during the quarter.
The domestic market reported the best performance, accounting for 58% of
net sales, equivalent to revenues of R$ 3.8 billion.
Exports reached R$ 2.3 billion. Foreign exchange rate pressures associated
with a slow recovery in the principal international markets squeezed margins
although this impact was offset by a positive performance in the domestic
Gross sales reached R$ 6.2 billion and gross profit, R$ 1.1 billion.
Operational results as measured by EBITDA (operating income before financial
expenses, taxes and depreciation) posted R$ 291 million, equivalent to an
EBITDA margin of 5.5%.
Investments in capital expenditures for the first nine months of the
fiscal year on a pro-forma basis (that is the joint investments of BRF and
Sadia from January 1 2009), were R$ 665.5 million.
The corporate stages under the Association Agreement -- signed between
Perdigao and Sadia on May 19, 2009 -- were successfully concluded:
- Merger of the shares of HFF's shareholders (July 08)
- Incorporation of the shares of Sadia's shareholders (August 18)
- Funding of approximately R$ 5.3 billion raised through a primary
offering of shares for restructuring the consolidated capital stock,
particularly for paying down Sadia's short-term debt.
For more information, contact:
Investor Relations Department
(55) (11) 3718-5465
SOURCE BRF - Brasil Foods S.A.