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MINERVA FOODS FILES NET PROFIT OF R$ 95.4 MILLION IN THE SECOND QUARTER OF 2024

EBITDA was R$ 744.6 million, and net revenue was R$ 7.7 billion in the period SÃO PAULO, Aug. 7, 2024 /PRNewswire/ -- A Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the leader in exports of fresh beef and derivatives in South America, also operating in the processed products segment, releases its financial results for the second quarter of 2024 (2Q24) to the market. Consolidated gross revenue in the second quarter of 2024 was R$ 8.2 billion, with exports accounting for 61% of the total. In the twelve months ending June 2024, gross revenue totaled R$ 29.9 billion, with exports accounting for 63% of gross revenue, reinforcing our leadership in beef exports in South America, with a market share of approximately 20%. EBITDA in the second quarter of 2024 was R$ 744.6 million, with an EBITDA margin of 9.7%, ...