JBS S.A. net income, sales up in Q1

by Meat&Poultry Staff
Share This:
SÃO PAULO, BRAZIL — JBS SA achieved a first-quarter net income of 99.4 million reais ($55.9 million), compared with a net loss of R322.7 million ($181.4 million) a year earlier, due to an increase in sales and cost-cutting at its U.S. unit, according to Reuters. E.B.I.T.D.A. more than doubled to 862 million reais ($485 million).

Year-on-year, sales increased 35.4% to 12.55 billion reais ($7.05 billion) more than doubling at its Mercosur unit, which sells beef in Brazil, Argentina, Uruguay and Paraguay.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.