M. Dias Branco S.A. Indústria e Comércio de Alimentos Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 07:37 pm EDT
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M. Dias Branco S.A. Indústria e Comércio de Alimentos reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported negative sales was BRL 634.53 million compared to BRL 517.54 million a year ago. Revenue was BRL 2,849.43 million compared to BRL 2,497.24 million a year ago. Net income was BRL 217.89 million compared to BRL 233.52 million a year ago. Basic earnings per share from continuing operations was BRL 0.64275 compared to BRL 0.68886 a year ago.
For the six months, negative sales was BRL 1,177.01 million compared to BRL 916.12 million a year ago. Revenue was BRL 5,334.95 million compared to BRL 4,387.59 million a year ago. Net income was BRL 287.83 million compared to BRL 271.28 million a year ago.
M Dias Branco SA Industria e Comercio de Alimentos is a Brazil-based company primarily engaged in the food processing industry. The Company focuses on industrialization, sale and distribution of food products derived from wheat, mainly biscuits, pastas, and wheat flour. Its activities also include the manufacture, sale and distribution of vegetable fats and margarines, cakes, cake mixes, packaged toasts, and snacks. The Company operates through an integrated and vertical production process, producing flour and vegetable fats used to manufacture biscuits and pastas. The Company's brand names portfolio includes Adria, Basilar, Bonsabor, Fortaleza, Isabela, Pilar, Predilleto, Richester, Salsito, Treloso, Vitarella and Zabet, among others. It owns a number of production units and distribution centers in Brazil. The Company is a subsidiary of Dibra Fundo de Investimento em Participacoes.
M. DIAS BRANCO S.A. INDÚSTRIA E COMÉRCIO DE ALIMENTOS 
