JBS releases Q2 results
15/08/2018
Its earnings before deduction on this total were just under $1.1 billion, up by 12.8% compared to the same period last year.
JBS Brasil, the business unit that includes its leather division, JBS Couros, achieved revenues of $1.5 billion for the three-month period. This represents a decline of 6% compared to the same quarter last year, but the group pointed to its sale of businesses in Argentina, Paraguay and Uruguay in June 2017 as the main contributing factors to the decrease.
“Leaving the changes associated with Argentina, Paraguay and Uruguay to one side,” the group said, “JBS Brasil increased its second-quarter revenues by 7% and the number of animals processed was up by 17.5%.”
It added that the devaluation of the Brazilian real had helped it increase its sales revenues in markets outside its home country, with a rise of 17.1% in volume and of 14.2% in value compared to the same quarter last year.
Share this story:
