|Bid||12.82 x 1000|
|Ask||13.14 x 100|
|Day's Range||12.93 - 13.29|
|52 Week Range||10.60 - 18.12|
|PE Ratio (TTM)||-49.85|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Brazilian food processor BRF SA will introduce a discount brand in its home market, executives said on Friday, as the end of antitrust restrictions in July allows it to target a niche that has grown during the country's recession. Antitrust agency Cade has lifted brand limits established in 2011, when it approved the formation of BRF from the merger of Sadia and Perdigão. BRF is aiming the new brand at cost-conscious buyers representing some 30 percent of Brazil's processed food market, executives said on a conference call with analysts.
Brazilian food processor BRF SA will launch a discount brand aimed at the domestic market, executives said on a Friday conference call to discuss second-quarter results. The launch of the new brand comes ...
Brazilian food processor BRF SA said late on Thursday that its board of directors authorized the company to sell up to 13.4 million shares currently held by its treasury department. The move, which could fetch as much as 525.2 million reais ($165.4 million) based on the stock's closing price at the São Paulo stock exchange, aims to strengthen its cash position and reduce financial leverage, BRF said in a securities filing. Earlier the company reported a wider-than-expected net loss of 167 million reais in the second quarter, the third consecutive quarterly loss, as it continued to reel from the effects of a food safety probe announced in March.