Brasil Foods net income increases by 125% in 2010

Brasil Foods has posted a net income increase of 125% to BRL804 million (US$485.4 million) and 167% EBITDA growth to BRL959 million (US$579 million) for 2010. These results have had a positive impact on the company's share price, which was already trending upwards.

March 29, 2011

Brasil Foods has posted a net income increase of 125% to BRL804 million (US$485.4 million) and 167% EBITDA growth to BRL959 million (US$579 million) for 2010.

These results have had a positive impact on the company's share price, which was already trending upwards. According to reports, the 2009 acquisition of Sadia significantly contributed to Brasil Foods' growth, including an 8.3% increase in overall 2010 sales to BRL22.7 billion (US$13.7 billion).

Aggressive fourth-quarter growth also helped Brasil Foods' overall numbers, as the company earned BRL360 million (US$217 million) during the period, compared to BRL22 million (US$13.3 million) in the fourth quarter of 2009.

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