Brazil’s Perdigí£o Has Record 139% Hike in Profit in 2004

Brazil’s Perdigão S.A., one of the largest food companies in Latin America and one of the largest meat processors in the world, exporting to over 100 countries, ended 2004 with the highest net income ever of R$ 295.6 million.

The result, announced yesterday, represents a growth of 139.3% compared to 2003, principally reflecting an excellent export performance. Gross sales amounted to R$ 5.6 billion, 27.4% higher than the preceding year. Net sales were up 27.7% and reached R$ 4.9 billion.


During the year, exports grew 48.4% to R$ 2.7 billion. Sales volume was 23.8% higher than for 2003 and surpassed company forecasts.


Other factors that impacted this record performance were improvement in product mix and prices and maintenance in domestic market costs.


Domestic market sales reached R$ 2.8 billion, 12% more than 2003. In volume terms, sales reached 532,200 tons, 6.2% higher than in 2003.


Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) registered growth in the period of 54.9%, rising to R$ 593.8 million and corresponding to a margin of 12.2%.


Gross profits rose 32%, amounting to R$ 1.4 billion, while operating income before financial expenses amounted to R$ 498.3 million, an increase of 73.4%.


For 2005, the Company is forecasting 9% growth in sales volume based on the tendencies in both domestic and export markets. During the current fiscal year, Perdigão estimates its capital expenditures at about R$ 150 million, dedicated to the continued expansion of the Rio Verde unit.


It also plans the start on the construction of the Mineiros complex, as well as investments in logistical and infrastructure projects and optimization of production lines at units in the states of Santa Catarina, Rio Grande do Sul and Paraná.


Perdigão
www.perdigao.com.br


PRNewswire

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Elections: Lula and Alckmin Scramble for New Allies

With the framework of what seems to have become a divided country, Brazilian President ...

Bogota Models Sin Hambre Program on Brazil’s Zero Hunger

Luis Eduardo Garzon, mayor of Bogota, capital of Colombia, affirmed that the Administration of ...

Brazil’s Fiscal Deficit reaches US$ 52 billion, 3.17% of GDP

In November, the effort to save made by the three levels of the government ...

Brazil’s Baby Incubator Leader Is in 60 Countries

Medical-hospital and laboratory equipment manufacturer Fanem plans to install an assembly line in one ...

Brazilian Pork Producers Want Russia Out of the WTO If It Means Less Business for Them

The president of the Brazilian Industrial Association of Pork Producers and Exporters (Abipecs), Pedro ...

National Mêlée

The Brazilian national anthem has a story that involves Don Pedro I, the Portuguese ...

Brazil-Chile: TAM-LAN Merge Creates Largest Air Carrier in the Region

The merge of two major South American airlines will create the biggest carrier in ...

Impeachment Act: The Brazilian Plot to Keep Corruption and Impunity Going

The already fragile legitimacy of Michel Temer’s interim government in Brazil took a huge ...

Poor in Brazil Can’t Count on the Courts, Says UN

The special rapporteur from the UN Comission on Human Rights, Leandro Despouy, has released ...

Brazil and US Vow Joint Effort to Develop Energy Security

The minister of Mines and Energy of Brazil, Edison Lobão and the United States ...