Net profit of 96.6% grew in Vigor 3Q, to 58.72 million R$

The Force foods, dairy company controlled by J&F — holding company that also runs the JBS — reported earlier an increase of 96.6 percent in its net profit in the third quarter of 2015, compared with the same period last year, to R$ 58.72 million.
Already the company's net revenue totaled R$ 1.473 billion in the financial year (ended 30 September), elevation of 28% compared with the same period in 2014.
"Even in the face of ever-increasing challenges of the Brazilian market, everyone is focused on the continuous improvement of the quality of our products, cost management, additional gains in productivity, innovation, financial management and working capital and expansion of the customer base through regional expansion", the Force said, in the statement that accompanied the financial statement.
The earnings before interest, taxes, depreciation and amortization (Ebitda) of the company amounted to R$ 142.86 million in the third quarter, up 65.8 percent compared with the same interval last year. The Ebitda margin, in turn, grew by 2.2 percentage points to 9.7%.
According to the Force, the increase in the operating result, combined with the "discipline in the management of working capital", allowed the reduction of the financial leverage to 1.9 times the end of the third quarter, compared with 2.6 times in the same range as of 2014.
In the first nine months of 2015, the Force accounts for a net profit of 192.34 million R$, 139.6% higher than the amount from the same period last year. NET builds up 15.7%, high for R$ 3.742 billion. Already the Ebitda and the Ebitda margin inches, respectively, 23.1% and 0.5 percentage point, to R$ million and 8.3% 311.17.