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    Your email address will not be published.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

    AIDS generic pills

    Brazil Decides to Make Own AIDS Drug After Talks With Merck Collapse

    Until the end of the year, Brazil's Lafepe, the pharmaceutical laboratory of the Brazilian ...

    Cattle Disease Brings Dismissals and Unscheduled Vacations in Brazil

    Força Sindical, the second largest union group in Brazil, during a meeting with the ...

    Federal road being repaired in Brazil

    Brazil’s BNDES Makes Record US$ 50 Billion Loans, Most for Infrastructure

    Brazil's BNDES (Brazilian Development Bank) (BNDES) loaned a total of 78,8 billion reais (US$ ...

    In Brazil Nepotism Never Dies

    There are an estimated 20,000 "positions of trust" in the Lula administration and according ...

    Inter-American Development Bank

    China Gets Closer to Latin America with a US$ 350 Million Check

    In a signing and flag placement ceremony held on Monday at the Inter-American Development ...

    In the US, Jail. In Brazil, Slap on the Wrist.

    Former minister and banker Ângelo Calmon de Sá, 68, was the owner of Bahia’s ...

    New Details of the Scandal that Shook the Brazilian Government

    Two publicity and public relations agencies linked to the bribes scandal shocking Brazil, regularly ...

    Opposition Claims Peru-Brazil Transcontinental Highway Is Too Expensive

    Peruvian President Alejandro Toledo signed contracts Thursday, August 4, in Lima for the construction ...

    Brazil's police car

    In Brazil, Rule of Law Is for the Birds

    Brazil is a nation suffering from a substantial lack of commitment to the rule ...

    A Mere One-Quarter of Brazilians Are Fully Literate

    Only 26% of the Brazilian population in the 15-64 age bracket is fully literate. ...