Perdigao reports net loss in Q1
Published:19-May-2009
By Staff Reporter
Brazil-based Perdigao, a producer of poultry, pork, beef cuts, milk, dairy products and processed food products, has reported a net loss of BRL226m, or BRL1.09 per share, for the first quarter of 2009, compared to a net income of BRL51m, or BRL0.25 per share, in the same quarter of 2008.
For the first quarter of 2009, net sales were BRL2.6 billion, a 6% increase compared to BRL2.46 billion in the same quarter of 2008.
For the first quarter of 2009, gross profit was BRL535m, compared to BRL536m in the same quarter of 2008. EBITDA was BRL117.8m, a decrease of 37%, compared to BRL186m in the same quarter of 2008.
The principal factors responsible for narrower margins in the period were the sharp decline in export market prices, oversupply in the domestic market and increased production costs and selling expenses due to the loss of exports sales.
Most of the investments of BRL119.7m made by the company in the period were allocated to productivity initiatives, improvement in production lines and to construction work at Bom Conselho, dairy products unit in the state of Pernambuco and Tres de Maio plant, powdered milk processing unit in the state of Rio Grande do Sul.
