Brazil's MBRF posts core earnings, revenue beat with record volumes

SAO PAULO, Nov 10 (Reuters) - Brazilian food processor MBRF MBRF3.SA reported on Monday core earnings and net revenue above analysts' estimates in its first quarterly results as a joint entity following beef company Marfrig's takeover of poultry and pork firm BRF.

MBRF reported a net profit of 94 million reais ($17.4 million) for the July-September period, down 62% year-over-year, still hit by trade bans on Brazil poultry exports following a bird flu case on a commercial farm in May.

China, the largest importer of Brazil's poultry, only resumed its purchases of Brazilian chicken this month.

Core earnings as measured by adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 3.5 billion reais, an 8.6% fall from a year earlier but above the 3.2 billion reais expected by analysts in a LSEG poll.

The group's net revenue rose 9.2% year-on-year to 41.8 billion reais, beating the 41.1 billion real estimated by analysts.

Volume sold by the company, which has beef operations in North and South Americas, totaled a record of 2.1 million metric tons in the quarter, a 3.7% increase year-over-year.

($1 = 5.4039 reais)