PRESS RELEASE
FriGol records a net profit of R$54.5 million in 2023, the year in which it increased its production by 21%
The fourth quarter was the best of the year, with a net profit of R$21.1 million.
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The fourth quarter was the best of the year, with a net profit of R$21.1 million.
Confirming the trend of improving results, which have been rising every quarter this year, Ebitda totaled R$48 million, with a margin of 6.2%
From October 7th to 11th, FriGol will participate in Anuga, in Cologne, Germany.
The Company ended 2Q23 with a gross revenue of R$821 million, up by 12% over 1Q23.
The Company maintains its projection for increased production and a 20% revenue growth for 2023
FriGol recorded the best financial and operating results ever reported by the Company, reaching R$3.8 billion gross revenue in 2022, increasing 21% YoY. This was the third consecutive year of growth above 20%, which contributes to the consolidation of its position among the main Brazilian meatpacking companies.
Frigol complies 100% with the criteria determined by the Sustainable Cattle Farming Consent Decree in an audit conducted by the Federal Prosecution Office in the company’s units in Pará.
In the first nine months of the year, Frigol recorded an all-time high revenue of R$3 billion, a year-over-year increase of 27.6%, combined with better profitability.
In its second long-term transaction in the capital market, Frigol, ranked among the five major slaughterhouses in Brazil, raised R$110.6 million with the issue of Agribusiness Receivable Certificates (CRA), maturing in six years and yielding CDI + 5.75% p.a. The transaction was coordinated by Banco Safra and anchored by Kinea.
The Valor Econômico newspaper highlights Frigol's strategy to grow with profitability and governance, creating value to all stakeholders.The content was also published on the Pipeline portal.
Frigol reached revenue of R$970 million in 2Q22, a growth of 23% over 2Q21. Net revenue was 19.5% higher, reaching R$893 million.
Press Office
Journalists and communications professionals are welcome to email us at comunicacao@frigol.com.br.