Brasil Foods profits in first half of 2011

Brasil Foods ended the first half of 2011 reporting a net income of R$881 million (US$545.1 million), 279% higher than the same period in 2010. The numbers were strongly supported by a significant operating performance, especially on the export front, as well as reaping the benefits from the capture of synergies, according to the company.

Brasil Foods ended the first half of 2011 reporting a net income of R$881 million (US$545.1 million), 279% higher than the same period in 2010.

The numbers were strongly supported by a significant operating performance, especially on the export front, as well as reaping the benefits from the capture of synergies, according to the company. EBITDA reached R$1.6 billion (US$990 million), equivalent to a 13% margin.

Second quarter net income amounted to R$497.9 million (US$308.1 million), a year-on-year increase of 190.4%, influenced by three factors: good operational performance, appropriation of interest on shareholders’ capital and the divestment of the Vila Anastácio unit in São Paulo (former head office of Sadia). Second quarter EBITDA was R$785.9 million (US$486.3 million). Despite cost pressures due to grain prices, EBITDA margin was 12.5%, a record for this period.

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