Minerva Foods achieves net profit of $655 mln in 2022
Profits up 15% year on year
1 March 2023
1 minute read
By: Minerva Foods, a leader in the export of fresh beef and cattle byproducts in South America, reported that consolidated gross revenue for 2022 amounted to R$ 32.9 billion (US$6.32 billion), up by 15% year on year. Exports comprised about approximately 70% of revenue. Minerva Foods represents approximately 20% of South America's beef export market.
Another highlight was net income, which totalled R$ 655 million (US$126.21 million) in the year, up by approximately 10% on 2021.
