CHWA

CHW Acquisition Corporation

8.2800
USD
5.40%
8.2800
USD
5.40%
5.9200 13.1300
52 weeks
52 weeks

Mkt Cap 128.64M

Shares Out 15.69M

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Brazil's BRF posts wider-than-forecast 2nd-qtr net loss

Adds details SAO PAULO, Aug 10 (Reuters) - Brazilian pork and poultry processor BRF SA BRFS3.SA on Wednesday reported a second-quarter net loss of 468 million real ($91.86 million), wider than the 156.93 million loss forecast by analysts. BRF reported earnings before interest, tax, depreciation and amortization (EBITDA) of 1.368 billion reais, above an estimated 1.202 billion reais. BRF said its results were affected by two non-recurring events in the quarter. The first was a negative 445 million reais coming off net revenue from international markets, resulting from "hedge accounting" related to a debt security maturing in June 2022. The other factor was hyperinflation in Turkey, which affected the way BRF recognizes the value of assets and liabilities in that country. BRF said net revenue rose by 11.2% to 12.9 billion in the second quarter. ($1 = 5.0947 reais) (Reporting by Ana Mano; Editing by Leslie Adler) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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