date:May 17, 2012
Stronger domestic demand for beef and other food items contributed to the companys first-quarter profit of 34.5 million reais (US$17.3 million), which was an increase of 46.7 percent from the R23.5 million (US$11.56 million) the company posted in the first quarter of 2011.
Consolidated net operating revenue declined slightly to R5.23 billion (US$2.612 billion) from R5.25 billion (US$2.625 billion) in the comparable year-ago period. This also represented a 9.6 percent decline from the fourth qu