In a release dated August 12th, BRF S.A. (BRFS) posted results for the second quarter ending June 30th. BRF Foods is a multinational protein producer with extensive sales of chicken under the Sadia Perdigao and Perdix brands. Total chicken production for the quarter amounted to 871,000 metric tons distributed between Brazil (19.5 percent of sales volume) and the International Segment (76.2 percent).
For the second quarter, net revenue attained $2,195 million with a net loss of $45.25 million, and a negative EPS of $0.25. For the corresponding quarter in 2020, sales amounted to $1,718 million with a net profit of $57.95 million and an EPS of $0.07.
BRFS has a market capitalization of $3,650 million with total assets of $10,295 million and long- term debt and lease obligation of $3,599 million.
On a trailing 12-month basis, operating margin was 8.7 and profit margin 3.5 percent. Over the past four quarters the company generated a return on assets of 4.5 percent and 19.1 percent on equity.
In comments accompanying the release, management alluded to the impact of COVID on both production cost, productivity, and disruption of activities.