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Brazil's BRF pledges smarter management after deep quarterly loss
February 24, 2017 / 1:36 PM / 7 months ago

Brazil's BRF pledges smarter management after deep quarterly loss

SAO PAULO, Feb 24 (Reuters) - Brazilian food processor BRF SA, the world’s largest poultry exporter, is overhauling management protocols to avoid the kind of mistakes that triggered a deep fourth-quarter loss, Chairman Abilio Diniz said on a Friday earnings call.

Diniz and Chief Executive Pedro Faria said a lack of real-time information and botched communication between industrial and commercial divisions had left the company with elevated inventories that must now be liquidated. (Reporting by Brad Haynes and Paula Laier)

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