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Perdigao: Third Quarter Indicates Tendency Towards Recovery in Growth

by 5m Editor
16 November 2006, at 11:01am

BRAZIL - Perdigao's third quarter 2006 results reflect a tendency towards recovery in relation to the second quarter of the year.

Performance was driven mainly by domestic market business, which reported a growth in sales. The
Company's gross sales for the period reached R$ 1.57 billion, an increase of 13.2% in relation to the 2Q06.

The domestic market posted sales revenue for the quarter of R$ 949.2 million, a growth of 32.3% compared with the same period in 2005. For the nine-month period from January to September 2006, Perdigao recorded a year-on-year increase in sales revenues of 14.3%.

The export market saw a gradual recovery in demand for poultry meat -- average US dollar prices rising by 7% -- following weak trading conditions in the entire first half due to the avian influenza outbreaks. Export revenues amounted to R$ 626.8 million, equivalent to an approximate increase of 6% compared with the second quarter.

Net sales were R$ 1.34 billion, 11.5% higher, while EBITDA grew 400.7% in relation to the 2Q06, reaching R$ 88 million, corresponding to a margin of 6.6% against 1.5% in 2Q06.

ThePoultrySite News Desk

5m Editor