BRF reported a web revenue of BRL823 million (US$165 165 million) for the fourth quarter of fiscal yr 2023, marking it the primary time up to now eight quarters that the Brazil-based poultry and pork producer turned a revenue.

The corporate launched monetary data for the fourth quarter and entirety of fiscal yr 2023 on February 26.

“We completed 2023 with constant progress in our indicators. We admire the laborious work and dedication of our almost 100,000 staff for his or her progress and achievements, our chairman Marcos Molina, the board of administrators and shareholders for his or her help and belief, and our built-in producers, prospects, suppliers and all of the communities the place we’re current for his or her partnership and shared classes,” acknowledged BRF CEO Miguel Gularte.

BRF reported fourth-quarter adjusted earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) of BRL1.53 billion for its Brazil enterprise phase, which was a 50.6% enchancment on a year-over-year foundation. For its worldwide phase, the corporate reported an adjusted EBITDA of BRL687 million, which was a 317.8% enchancment when in comparison with the fourth quarter of fiscal yr 2022.

Wanting ahead

Gularte mentioned with the 2024 fiscal yr now underway, it’s motivated by the turnaround achieved throughout the latest quarter. He additionally famous that the corporate’s affiliation with fellow Brazilian protein producer Marfrig International Meals is a optimistic for BRF.

“We’ve opened a brand new chapter in our historical past, marked by the consolidation of Marfrig because the controlling shareholder with a 50.06% stake, transferring in direction of an organization that has develop into more and more aggressive. We’ll proceed our journey of evolution with dedication, agility, simplicity and effectivity,” mentioned Gularte.