JBS moves from loss to profit of R $ 2 billion in first quarter with US operating, a record three times – Money Times

JBS moves from loss to profit of R $ 2 billion in first quarter with US operating, a record three times - Money Times
All JBS business units reported increased revenue in the quarter (Photo: REUTERS / Ueslei Marcelino)

a JBS (JBSS3), A global leader in Meat And the second largest food In the world, it recorded a net income of 2 billion riyals in the first quarter of 2021, reflecting a loss of 5.93 billion riyals that was obtained in the same period of the previous year, according to the balance sheet issued on Wednesday.

The company’s North American operations led JBS to its best performance in the first quarter, with record profits, net revenues and profits previously reported. OutlayAdjusted Taxes, Depreciation and Amortization (Ebitda), Gilherme Cavalcanti, chief financial officer and director of investor relations, told Reuters.

Ebitda shares jumped 75.8% year-on-year to 6.88 billion riyals, while net revenue rose 33.2% in the period to 75.25 billion riyals.

All JBS business units reported an increase in revenue in the quarter, despite margins In the evening And JBS Brasil, respectively, due to the increase in the cost of cereals used for feed and the increase in Aruba beef cattle.

Abrão Filho increases revenue 135% in 2021

See the result below:

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