Very interesting… 👀

📈 Oh, hold on a sec! Unfortunately, that’s not the type of interest we’re talking about… The thing is that the Brazilian food processor BRF SA has reported a net loss of R$137 million (U$26 million) in Q3 – dragged by higher costs of debt amid surging interest rates.

     • The company sells pork and poultry across Latin America, Asia, Africa, and the Middle East. 

A profit of R$64.8 million (U$12.12 million, approx.) was projected, but the group said its results were weighed by high interest rates (up 25.3% from a year earlier) that pushed up the cost of its debt. 

     • To learn more about the current situation and numbers of BRF SA, click here.