November 9, 2006

Brazil's Sadia's revenues up 15 percent for third quarter 

Brazilian food company Sadia is growing strongly now that the world has left bird flu worries behind, helping the company grow in both its domestic and foreign markets in the third quarter.

Sadia ended the third quarter with revenues of 2.05 billion reais (US$ 960 million), a result 15.5 percent higher than that in the previous quarter.

The net profit was 69.1 million reais (US$ 32.4 million), nearly triple that from the second quarter of the year, when the company was struggling against bird flu.

There was a 5.1 percent increase in volumes traded when compared to the previous quarter, reaching 491,200 tonnes with growth greatest in exports, where volumes grew 9.8 percent, to 254,500 tonnes.

For the first nine months of the year, Sadia had gross revenues of 5.6 billion reais (US$ 2.6 billion) and net profit of 153.6 million reais (US$ 72 million).