Brazil's BRF Q1 profit beats analysts' expectations

BRF SA

07/05/2024 23:36

SAO PAULO, May 7 (Reuters) - Brazilian pork and poultry
processor BRF SA  BRFS3.SA  reported net profit of 594 million
reais ($117.17 million) in the first quarter, beating the
average of analysts' expectations at 449.79 million reais,
according to a financial statement released on Tuesday. 
    The company, which serves domestic and export markets, said
earnings before interest, tax, depreciation and amortization, a
measure of operating income known as EBITDA, came in at 2.1
billion reais ($414.24 million), almost four times higher than
in the same period a year ago.

    
($1 = 5.0695 reais)
    

 (Reporting by Ana Mano; Editing by Leslie Adler)
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