Marfrig has net loss of R $ 81.2 million in the first quarter

Marfrig Alimentos recorded a net loss of R $ 81.2 million in the first quarter of this year, compared with net income of $ 34.5 million for the same period last year. Between January and March, the company's net revenue totaled r $ 6,422 billion, an increase of 28.3% over the r $ 5,006 billion reported in the first three months of 2012.
The earnings before interest, taxes, depreciation and amortization (Ebitda) totaled r $ 491,1 million in the first quarter of 2013, up 19.6% over the same period last year. The Ebitda margin fell from 8.2% in the first quarter of 2012 to 7.6% in the quarter ended in March this year.
On the financial side, Marfrig had a loss of r $ 360 million between January and March this year, 45.6% higher than the r $ 257,3 million recorded in the first quarter of last year.
In a press conference this morning, the future of the company's CEO Sergio Rial, said will sell assets Marfrig to reduce gross debt by as much as $ 2 billion this year. "Clearly, the follow-on was not enough to desalavancar the company," he said, referring to the stock offering that the company made last year, raising about $ 1 billion.
Second Rial, of four units of the harvest Brazil that the company decided to close three of them should be sold. "They are being worked on to be sold," said the Executive. Although he did not detail what those are and how much you want to raise with these sales, Rial said "are regional plants".
In the first quarter of this year, the Marfrig leverage index (ratio of net debt and Ebitda) totaled 4.4 times. The company's gross debt totaled r $ 12.9 billion at the end of March.