Marfrig continues to grow in second quarter - leatherbiz: Leading news Leatherbiz

News

Marfrig continues to grow in second quarter

20/08/2018
Brazilian packer group Marfrig has reported revenue of more than R9.9 billion for the second quarter of 2018, an increase of 21% compared to the same period of last year.

It said increased global demand for beef protein led to the growth of its sales volume. Adjusted earnings for this period were R918 million, up 87% year on year.

Marfrig completed its acquisition of a controlling stake in US group National Beef in June. It includes National Beef’s wet blue tannery in St Joseph, Missouri, National Beef Leathers, which means Marfrig will return to the tanning industry. 

Related stories:

Marfrig sells Keystone Foods to Tyson for $2.16 billion 21/08/2018
Marfrig to launch ‘carbon-neutral’ beef 06/08/2018
Marfrig completes National Beef acquisition 06/06/2018
Growth for Marfrig 16/05/2018
Current National Beef Leathers management team to continue 23/04/2018
Marfrig will run National Beef Leathers 13/04/2018
Marfrig confirms bid for controlling stake in National Beef 11/04/2018
New chief executive for Marfrig 20/01/2015

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.