Compared to the first quarter of the previous year, Marfrig has managed to reduce its net debt by 10%, bringing this figure to US$ 7,050 million.

The Brazilian meat company Marfrig has achieved a net profit of US$ 12 million in the first quarter, compared to the 'red numbers' of US$ 123 million in the same period of the previous year.

The company's sales have grown 3.8% year-on-year, up to US$ 5,913 million. In the domestic market, which represents more than 68% of Marfrig's total turnover, revenue increased by 2.5%, while turnover from exports increased by 6.6%.

For its part, operating expenses decreased 0.7% compared to the first three months of the previous year, falling to US$ 5,166 million.

Meanwhile, the adjusted gross operating result (Ebitda) increased by 94.8% compared to the figure achieved by the company at the end of March 2023, reaching US$ 515 million, with an adjusted Ebitda margin of 8. 7%.

Compared to the first quarter of the previous year, Marfrig has managed to reduce its net debt by 10%, bringing this figure to US$ 7,050 million.

The president of the board of directors, Marcos Antonio Molina dos Santos, has pointed out that the first quarter has confirmed its "strategic" decision to diversify its operations and expand its exposure to value-added products.

"We remain committed to the integrity of our financial health indicators, always operating in a sustainable manner, to create value for all shareholders, the communities where we are present, our investors and all our clients and employees," he stated.