BRF Brasil Foods, the result of an association between Perdigao and Sadia in 2009, reported a profit of R$360M for the year on net sales of R$20.9B and total sales of R$24.4B.

The adjusted 2009 net income of R$360M considers pro-forma results, or the fully consolidated figures for Sadia and its controlled companies shown as if the merger of shares had taken place on January 1, 2009.

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Brasil Foods’ public offering raised R$5.3B and a recent bond issue raised US$750M, according to the company. Market capitalization was US$11.4B in 2009.

The domestic market accounted for 58% of net sales and revenues of approximately R$15.3B. The processed meats business registered the best performance with net sales of R$8B, corresponding to a growth of 9.5% from the preceding fiscal year. Company exports reached about R$9.2B. Brasil Foods says it is now the fourth largest Brazilian exporter and the world's largest exporter of poultry.