Bloomberg News

Brazilian Stock Movers: Brasil Foods, LLX Logistica, OGX

March 23, 2012

The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.

The Bovespa (IBOV) index was little changed at 65,812.95.

BRF - Brasil Foods SA (BRFS3) (BRFS3 BS) dropped 1.8 percent to 35.90 reais. The world’s largest poultry exported reported fourth-quarter profit of 121 million reais ($66.5 million). The company was expected to post a 472.7 million-real profit excluding some items, according to the average of nine analyst estimates compiled by Bloomberg.

LLX Logistica SA (LLXL3) (LLXL3 BS) retreated 3.6 percent to 3.71 reais. The logistics company owned by billionaire Eike Batista reported a fourth-quarter net loss of 21.3 million reais.

OGX Petroleo & Gas Participacoes (OGXP3) SA (OGXP3 BS) slid 4.5 percent to 16.22 reais. The oil company controlled by Batista reported that its 2011 net loss widened to 482.2 million reais

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos in New York at papadopoulos@bloomberg.net


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