Strong sales of poultry products to the Middle East were among factors helping Brazilian food company BRF to record second quarter earnings before tax and amortization (EBTA) of BRL1.4 billion (US$403.4 million). The figure was 43.6 percent higher than the same period in 2014 and was also driven by sales of processed products.
Net income for the period stood at BRL7.9 billion (US$2.29), 12.8 percent higher than in the second quarter of 2014.
On the company’s home market, processed products performed particularly well, with net income for this segment rising by 15.2 percent and volume sales 9.4 percent higher, despite difficulties in the local economy.
In international markets, the company noted that the Middle East performed particularly well over the period, due to structural changes implemented by the company last year, along with favorable local business conditions. Sales of poultry products to the region were 7.6 percent higher by volume. Higher prices in this segment helped to push the value of sales 42 percent higher.
The second quarter saw the return to the Brazilian market of the company’s Perdigao brand, following an absence of three years, the company reports, meaning that BRF can again offer its full portfolio of brands.
