date:Apr 01, 2013
Brazilian food group Marfrig has insisted it remains committed to de-leveraging its balance sheet as it booked a drop in 2012 losses.
Marfrig has reduced its high debt levels over the past 12 months, with lower financing costs improving its financial position. In December, it sold BRL924m (US$460.8m) in shares, although this was less than expected.
Announcing its annual results yesterday (27 March), Marfrig said it will continue to pay down debt during 2013.
In a regulatory filing, Marfrig re