Brazil's Sadia revenues increase 15.5% in the third quarter

by 5m Editor
13 November 2006, at 11:38am

BRAZIL - The volume of meats and derivatives sold by food sector company Sadia on the domestic and foreign market grew in the third quarter of this year when compared to the previous quarter.

One of the main reasons is that the global consumption of poultry is warming up again. The Brazilian company is one of the great producers of chicken.

The movement helped recover prices. Regarding the domestic market, the return to exporting avoided excessive offer. Sadia ended the third quarter with revenues of R$ 2.05 billion (US$ 960 million), a result 15.5% greater than that registered in the previous quarter.

The net profit was R$ 69.1 million (US$ 32.4 million), an increase of 293.3% when compared to the second quarter of the year.

There was a 5.1% increase in volumes traded when compared to the previous quarter, reaching 491,200 tonnes. The greatest growth was identified in the foreign market, to which volumes traded grew 9.8%, to 254,500 tonnes. In the accumulated result for January to September, Sadia had gross revenues of R$ 5.6 billion (US$ 2.6 billion) and net profit of R$ 153.6 million (US$ 72 million).

ThePoultrySite News Desk

5m Editor