Marfrig reports losses in Q3
17/11/2008
The higher US dollar exchange-rate has had strong impact on Marfrig's long-term debts and caused a net loss of approximately $24 million in the third quarter of the year, while the company had profits of $15 million in the same period of 2007.
Indicators show that the company’s turnover was positive in the period. According to Marcos Molina dos Santos, president of Marfrig, Q3 results show that the geographical diversification strategy and the production of various types of animal protein are the right choice for the group. He also believes that the time for adjustment the global economy is going through is a great opportunity for the Marfrig Group to keep growing.
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