BRF SA (BRFS3.SA)
18 May 2018
R$ -0.35 (-1.59%)
|Market Cap(Mil.):||R$ 17,874.41|
SAO PAULO, May 11 Rising grain prices and trade bans in key markets have stymied management efforts to put BRF SA in the black, Chief Executive Officer Lorival Nogueira Luz said on Friday, as the food company failed to turn a profit for the second quarter in a row.
SAO PAULO, May 11 The price of animal feed continued to rise in the second quarter, which increased production costs for Brazil's BRF SA, Chief Executive Lorival Luz said on Friday during a discussion of the food company's quarterly results.
* BRAZILIAN FOOD PROCESSOR BRF TO KEEP LORIVAL LUZ AS CEO UNTIL CONCLUSION OF CORPORATE REORGANIZATION Further company coverage: (Reporting By Bruno Federowski)
SAO PAULO, May 10 Brazilian food company BRF SA on Thursday reported its second consecutive quarterly loss as the firm reels from a food safety scandal that prompted trade bans and led it to reduce production capacity at five plants.
SAO PAULO, May 10 Brazilian food company BRF SA on Thursday reported a first-quarter net loss of 114 million reais ($32.11 million), missing a consensus estimate for net income of 14.99 million reais, as the company continued to reel from fallout from a food safety scandal that prompted trade bans and led it to reduce production capacity.
SAO PAULO, April 27 The top shareholders of BRF SA said on Friday they will give the food company's new board leeway to kick off a turnaround after two years of net losses partially caused by a food safety scandal and mismanagement of feed inventory.
SAO PAULO, April 27 Pension funds Petros and Previ, which proposed the overhaul of the board of Brazilian food company BRF SA after problems including its involvement in a food safety scandal, vowed not to interfere with the work of new directors.
SAO PAULO, April 27 Abilio Diniz, who owns 4 percent of food processor BRF SA, said the company's involvement in a food safety probe and mismanagement of feed inventories that led to billions in losses cannot be blamed on the firm's board or managers.
SAO PAULO, April 27 Shareholders of Brazil's BRF SA elected Pedro Parente as chairman on Thursday, part of a broad board overhaul targeting a turnaround at the food company in the wake of a food safety probe that caused plant closures, an export ban and a fierce boardroom rift.
SAO PAULO A Brazilian commodities giant racking up losses as tensions flare on its board and corruption scandals grab headlines — Pedro Parente has been here before.