February 23, 2018 / 12:09 AM / 3 months ago

Brazil's BRF posts Q4 $241 million loss and misses EBITDA estimates

SAO PAULO, Feb 22 (Reuters) - Brazil’s BRF SA reported a 789 million reais loss in the fourth quarter of last year, missing a consensus estimate of 212 million net income, as the food processor failed to sustain a recovery started in the previous quarter.

Brazil’s largest chicken exporter reported a net loss of 784 million reais ($241 million) in the fourth quarter. Earnings before interest, tax, depreciation and amortization, a gauge of operating profitability, came in at 645 million reais, much lower than the 1.14 billion reais consensus estimate.

$1 = 3.2497 reais Reporting by Tatiana Bautzer; Editing by Sandra Maler

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