North American business delivers record quarter for - leatherbiz: Lea Leatherbiz

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North American business delivers record quarter for Marfrig

12/11/2019
Packer and tanning group Marfrig has reported revenues for the third quarter of just over $3 billion. This figure represents growth of 3.6% compared to the same quarter last year and is the highest amount the group has ever achieved in a single quarter.

“This has been an extraordinary period for Marfrig,” said chief executive, Eduardo Miron, on announcing the figures. “It’s the result of a well thought-out strategy, disciplined execution and of the new situation in the global protein sector.”

The group’s North American operation, which includes the National Beef tanning operation, achieved growth of 6.2% and brought in 70% of total revenues, amounting to more than $2.1 billion. Revenues in its South American operation fell by 2.4%, reaching almost $915 million.



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