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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

BRF S.A. Posts Q1 Loss

05/08/2022

Chick-NewsOn May 4th, BRF S.A. posted results for the first quarter of Fiscal 2022, ending March 31st. For the period the Company lost $309 million on revenue of $2,408 million.  Comparative values for Q1 of FY 2021 were net income of $4.4 million on revenue of $2,118 million.

 

In commenting on results, Lorival Nogueira Luz, Jr., Global CEO, attributed the loss to events in Eastern Europe and disruption of exports due to lockdowns in China.

Chick-News

BRF posted assets of $11,122 million with long-term debt of $3,942 million against a market capitalization of $3,000 million. BRF has traded in a 52-week range of $2.39 to $6.08 with a 50-day moving average of $3.31. On May 4th, pre-release BRF closed at $2.79 falling to $2.57 at close of trading on May 5th.

 

On a trailing 12-month basis, operating margin attained 6.5 percent and profit margin 0.9 percent.  The company generated a return on assets of 3.7 percent with 5.9 percent on equity.


 
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