Q2 revenue growth of more than 30% for JBS - leatherbiz: Leading news Leatherbiz

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Q2 revenue growth of more than 30% for JBS

15/08/2014
Brazilian packer and tanning group JBS has reported a second-quarter growth in revenues of 32.1%, reaching almost $12.8 billion. This result comes on the back of a flat slaughter rate (compared to the same quarter in 2013) of just under 4.8 million head of cattle over the three-month period.

The group was pleased with the performance of JBS Mercosul, in which it includes the results of its leather division, JBS Couros. In the second quarter of 2014, JBS Mercosul recorded revenues of just under $2.8 billion and profits of  $283.8 million.

JBS Couros runs 25 tanneries, 19 of them in Brazil. It employs 10,000 of the group’s 185,000 people. It came into existence in 2009 as a result of acquisitions and is now the largest producer of leather in the world.



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