Marfrig wait 8% margin to 10% in Beef Division margin in Q3

SAO PAULO-the fridge and Marfrig group expects an improved profit margin of your Beef Division in the third quarter, supported by reopening of units and a positive supply of cattle for slaughter, said the company''s Chief Executive, Martin Secco, on Tuesday.
"We are with high activity in the third quarter. The markets where we are selling are showing recovery which allows our results are good, "said the Executive during a teleconference with analysts. "We expect the 10% to 8 margin the Beef Division in the third quarter," he added.
In the second quarter, the company''s main Division, and that houses operations in Brazil, Uruguay and Chile, had margin of earnings before interest, taxes, depreciation and amortization (Ebitda) adjusted 8,2%.
Second Secco, Marfrig must end 2017 with slaughter capacity of 377,000 cattle heads per month and actual slaughter over 300,000 monthly animal, approaching peak of 2014, when the company began to paralyze units to cope with a low supply of cattle and demand reduction.