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Robust quarter for JBS

12/08/2021
Meat group and tannery owner JBS has reported second-quarter revenue rises of around a third across most of its meat businesses.

Overall, sales reached R$85.6 billion (£11.8 billion) and income was also around a third higher than the same time last year.

Strong demand in the domestic and international markets sustained beef prices at high levels, providing good margins for Beef US and Canada.

For the US, China continues to lead beef exports and represents 13.9% of the total US beef exports volume, compared with 1.4% in the same period of the previous year. 

In Australia and New Zealand, the performance of the beef business was impacted by the lower availability of cattle.

CEO Gilberto Tomazoni said: “In this second quarter of 2021, we produced yet another robust financial result, exceeding the already historical performance in the same period of 2020.”

 


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