Wednesday, December 03, 2014

Minerva's gross revenues is r $ 1.4 billion in October and November

The Minerva reported earlier to the Brazilian Securities Commission (CVM) that its preliminary unaudited gross revenue during the period of October and November 2014 totaled about $ 1.4 billion, which meant a growth of approximately 40% over the same period from 2013.
In the statement, signed by the investor relations officer, Eduardo Puzziello Pirani, the company reiterates that relies on its strategy in relation to the internal market, through its distribution operation, "one stop shop", focused on food service segments and small and medium retail, in addition to the efficient management of export channels. According to the company, this strategy is allowing the Minerva to position itself to "proper way forward to seasonally stronger behavior of the internal market due to the holiday season year-end".
Affected by the impact of about $ 290 million caused by the devaluation of just over 10% of the real over their debts in dollars, the Minerva, third largest producer of beef from Brazil, had a net loss of R $ 193,8 million in the third quarter of this year, compared with a net profit of r $ 1.4 million in the same range as of 2013.
Valor Economico
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