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 quarter in 2011, the company said.
EBITDA for the quarter rose 21.8 percent to R410.7 million (US$205 million) from R337.3 million in 2011.
The company closed the sale of the specialized logistics services business of Keystone Foods in the US, Europe, Oceania and Asia to The Martin-Brower Company, raising Marfrig’s cash position by $390.1 million.
