Brasil Foods net income increases by 125% in 2010
Significant Q4 growth, 2009 acquisition contribute to numbers
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.