Brasil Foods FY09 Sales Reach BRL24.4bn
Brasil Foods has reported sales of BRL24.4bn and a market capitalization of $11.4bn for the fiscal year 2009. The formation of BRF Brasil Foods was the result of an association between Perdigao and Sadia.
The domestic market resulted in 58% of net sales and revenues of approximately BRL15.3bn. The processed/elaborated meats business posted net sales of BRL8bn, corresponding to a growth of 9.5% in relation to the preceding fiscal year.
Adjusted net income was BRL360m considering pro-forma results, that is the fully consolidated figures for Sadia (a wholly owned subsidiary) and its controlled companies shown as if the merger of shares had taken place on January 1, 2008.
The company said that in 2009, Brasil Foods completed some important stages for sustaining an innovative company on a solid base, a company which anticipates the future, guaranteeing scale and efficiency in order to compete with the international giants and contributing to Brazilian economy.
The association has progressed within the parameters of the Transaction Reversibility Preservation Agreement (APRO) signed with the Administrative Council for Economic Defense (CADE), the Brazilian anti-trust authority.
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