Trade Resources Company News Brazil-Based Meat Processor JBS Has Reported a First-Half Profit of Over BRL285m

Brazil-Based Meat Processor JBS Has Reported a First-Half Profit of Over BRL285m

Dec 12, 2012

Tags: meat processor JBS, expansion, domestic beef capacity

Brazil-based meat processor JBS has reported a first-half profit of over BRL285m (US$140.6m), swinging from a loss of BRL34m a year earlier.

Meat Giant JBS Books H1 Profit

An expansion of JBS's domestic beef capacity and a move into poultry in its home market boosted sales and contributed to its improved bottom line.

JBS booked net revenue of BRL34.5bn for the first six months of the year, up 17.7% on the year before.

Consolidated EBITDA was BRL1.71bn, an increase of 20.1% on the first half of 2011.

The company recorded net income of BRL285.6m, compared to a loss of BRL33.8m a year ago when losses at its US poultry unit Pilgrim's Pride hit earnings.

Source: http://www.just-food.com/news/meat-giant-jbs-books-h1-profit_id120170.aspx

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Meat Giant JBS Books H1 Profit

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Brazil-Based Meat Processor JBS Has Reported a First-Half Profit of Over BRL285m

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