JBS reports increased revenues for Q3 - leatherbiz: Leading news site Leatherbiz

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JBS reports increased revenues for Q3

14/11/2018
Packer and tanning group JBS has reported earnings for the third quarter of 2018 of $13 billion, a 20.1% increase compared to the same quarter in 2017.

Earnings on this total reached more than $1.1 billion, 2.6% up on the figure for the same quarter last year.

Revenues at JBS Brasil, the division that now includes the group’s leather manufacturing business, JBS Couros, achieved revenues of more than $1.8 billion. This represents an increase of 37.2% compared to third quarter of 2017. And earnings were much higher at $187.2 million, compared to $19 million for the same three-month period a year earlier.

JBS Brasil said on reporting the figures that the number of cattle slaughtered in the third quarter this year was higher by almost 30%, the volume of beef coming onto the Brazilian market was up by 18.1%, and sales prices were up by 4.4%.


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