Consolidated gross revenue for the period was R$6.8 billion (US$1.38 billion), while EBITDA totalled R$531.9 million (US$108.15 million) in the quarter with a margin of 8.3%.

The meatpacker achieved net income of R$114 million (US$23.18 million) in the first quarter of the year, flat year-on-year, and up by 6.1% for the 12 months through this quarter for a total of R$30.1 billion (US$6.11 billion).

Minerva highlighted that exports accounted for 62.6% of its gross revenue for the quarter, and achieved a market share of around 20% of beef exports in South America.