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Brazilian food processor BRF SA on Friday said a recent meat safety scandal that resulted in the temporary closure of one plant and the charging of two company executives will continue to have an impact on its operations. Chief Executive Pedro Faria told a conference call that marketing spending was likely to rise as BRF deals with the fallout from the “Weak Flesh” probe, which accused food inspectors and some executives of conspiring to evade checks. BRF SA reported a net loss of 286 million reais ($91 million) last quarter as net operating revenue fell on a combination of lower prices and production volumes.
May 14, 2017 at 08:19PM
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