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Analysts polled by Reuters had estimated a net profit of 458 million reais for the last three months of 2022, down from a profit of 650 million reais a year earlier.
The company, which holds a stake in poultry processor BRF, reported adjusted earnings before taxes, interests, depreciation and amortization (EBITDA) down 47% to 2.22 billion reais.
($1 = 5.1919 reais)
