Brazilian packer and tanning group Minerva has announced consolidated gross revenues in the first quarter for 2023 of $1.36 billion and $6.42 billion in the twelve months to March 31, representing a 7% increase on the previous year.

Net revenues recorded for the first quarter of 2023 were $22.8 million, with $130.9 million recorded for the twelve months ended March 31, representing a 44.2% increase on the previous year.

Exports in the quarter accounted for 62.6% of gross revenues, strengthening its leadership in beef exports in South America with approximately 20% market share.

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