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Brazil’s BRF posts Q2 net loss of $91.86 million
2022.08.11 02:35
FILE PHOTO: Meat processing company BRF SA’s logo is pictured in its unit in Fortaleza, Brazil January 10, 2019. REUTERS/Paulo Whitaker
SAO PAULO (Reuters) – Brazilian pork and poultry processor BRF SA (NYSE:BRFS) on Wednesday reported net loss of 468 million real ($91.86 million), wider than forecast by analysts, who had predicted 156.93 million loss for the second quarter.
According to an earnings statement, BRF had earnings before interest, tax, depreciation and amortization (EBITDA) of 1.368 billion reais, above an estimated 1.202 billion reais.
($1 = 5.0947 reais)
