Meat giant JBS posts mixed Q1 numbers

  • May 13, 2011
  • source: just-food

cowJBS, the Brazilian meat giant, has reported mixed first-quarter results, with the company’s net income and sales rising – but its EBITDA down on lower profits from its US chicken unit.

The company, which owns JBS Swift Australia, this week booked a 47.9% increase in net income to BRL 147 million for the three months to the end of March.

JBS’s operating income more than doubled at BRL 172.2 million (US$107.3m) as the company benefited from higher sales and lower finance costs. The group’s net revenue climbed 20.2% to BRL 14.67 billion, thanks to rising sales across the business.

However, JBS’s EBITDA fell 3% to BRL 835.9 million due to a drop in earnings from the company’s US chicken unit, Pilgrim’s Pride. JBS owns a majority stake in the US poultry processor.

JBS reported rising EBITDA from its other key divisions – US beef, US pork and Mercosul, its operations across South America.

just-food is the world’s leading portal for the global pre-packaged food and retail industries. Its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/


Bookmarks

  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Furl
  • Netvouz
  • NewsVine
  • Reddit
  • Fark
  • Propeller
  • Slashdot
  • StumbleUpon
  • Technorati

Reader Comments

Australian Food News reserves the right to edit or not publish comments of a potentially offensive or defamatory nature. Comments will not be published if name and email address has not been provided (name and email will be withheld if requested).

The opinions expressed below are those of Australian Food News readers and do not necessarily reflect those of Australian Food News.