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Brazil food processor BRF posts $53.4 million net loss in Q3

2023-11-14 06:18
SAO PAULO Brazilian pork and poultry processor BRF SA on Monday reported a 262 million real ($53.37 million)
Brazil food processor BRF posts $53.4 million net loss in Q3

SAO PAULO Brazilian pork and poultry processor BRF SA on Monday reported a 262 million real ($53.37 million) net loss in the third quarter, slightly better than an LSEG consensus forecast of a 279 million real loss for the period.

The company said in a filing that earnings before interest, tax, depreciation and amortization, a measure of operating income known as EBITDA, was 1.2 billion reais ($244.45 million), was slightly above LSEG consensus estimates of 1.17 billion reais.

($1 = 4.9089 reais)

(Reporting by Ana Mano; Editing by Kylie Madry)