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BRF S.A.

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Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-08-05 pm EDT
16.75 BRL   +0.36%
08/02BRF S A : ANNOUNCEMENT TO THE MARKET - Form 6-K
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BRF suspends mask use at Brazil plant as COVID cases fall, rivals do not

05/17/2022 | 02:41pm EDT

SAO PAULO, May 17 (Reuters) - Brazilian food processor BRF SA confirmed it has made wearing a face mask "optional" at its Carambei chicken plant starting Sunday, according to a statement sent to Reuters on Tuesday.

The move had been detailed in an internal memo seen by Reuters earlier.

The company said the plan reflects an improvement in COVID-19 indicators in Brazil, a high rate of employees with a complete vaccination cycle, and recommendations from health authorities.

Other major meatpackers in Brazil have not changed their worker protection policies yet.

JBS SA, the world's largest meat producer, told Reuters it is keeping mask requirements at its units as part of its COVID prevention protocol. Beef processors Minerva and Marfrig said the same in separate statements.

Aurora, a privately-owned pork and poultry processor, is maintaining mask use "at its main plants as these are units that export to countries that require it."

China, which has selectively banned meat plants in Brazil and other countries over COVID concerns since the start of the pandemic, continues to enforce strict measures to contain the spread of coronavirus.

BRF's Carambei plant is authorized to export chicken products to Hong Kong, Egypt and South Africa, among others, according to the Brazilian Agriculture Ministry's website.

The use of face masks in Carambei will continue to be mandatory for workers in risk groups, including over 60-year-olds or immunosuppressed individuals, BRF said.

Suspending mandatory use of face masks would be in line with an amended national agreement signed between the company and labor prosecutors relative to COVID protocols, according to the Carambei labor union, which cited information from BRF.

The labor prosecutor's office in Parana deferred questions to labor prosecutors in neighboring Santa Catarina state, which did not return a request for comment.

When COVID-19 infections started to ravage Brazilian meat plants in 2020, some companies, including BRF, signed agreements with labor prosecutors in different states aimed at improving on-site worker protections. (Reporting by Ana Mano Editing by Brad Haynes, Bernadette Baum and Bernard Orr)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRF S.A. 0.36% 16.75 Delayed Quote.-25.62%
DOW JONES AFRICA TITANS 50 INDEX 0.91% 458.2 Real-time Quote.-15.16%
DOW JONES SOUTH AFRICA(ZAR) 0.83% 1944.89 Real-time Quote.-2.84%
EURO / BRAZILIAN REAL (EUR/BRL) 0.30% 5.2697 Delayed Quote.-16.96%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.59% 180.125 End-of-day quote.7.58%
JBS S.A. -1.24% 31.08 Delayed Quote.-18.10%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.18% 137.95 End-of-day quote.-1.31%
MARFRIG GLOBAL FOODS S.A. 0.83% 13.42 Delayed Quote.-39.19%
MINERVA S.A. 3.16% 13.05 Delayed Quote.23.11%
S&P AFRICA 40 INDEX 0.74% 150.23 Real-time Quote.-14.84%
All news about BRF S.A.
08/02BRF S A : ANNOUNCEMENT TO THE MARKET - Form 6-K
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07/28BRF S A : ANNOUNCEMENT OF RELATED PARTY TRANSACTION - Form 6-K
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Financials
Sales 2022 53 042 M 10 177 M 10 177 M
Net income 2022 -515 M -98,7 M -98,7 M
Net Debt 2022 15 165 M 2 910 M 2 910 M
P/E ratio 2022 -54,2x
Yield 2022 -
Capitalization 18 047 M 3 462 M 3 462 M
EV / Sales 2022 0,63x
EV / Sales 2023 0,60x
Nbr of Employees 95 000
Free-Float 66,3%
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Number of Analysts 13
Last Close Price 16,75 BRL
Average target price 20,08 BRL
Spread / Average Target 19,9%
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Managers and Directors
Lorival Nogueira Luz Chief Executive & Financial Officer
Fabio Luis Mendes Mariano Chief Financial Officer
Marcos Antonio Molina dos Santos Chairman
Vinícius Guimarães Barbosa Vice President-Operations & Supplies
Augusto Marques da Cruz Filho Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BRF S.A.-25.62%3 462
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HORMEL FOODS CORPORATION0.20%26 708
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-15.37%13 681
JBS S.A.-18.10%13 227
WH GROUP LIMITED16.56%10 269