JBS profits reach $2,552 million with international order

This content was published on November 11, 2021 – 13:23

São Paulo, November 11 (EFE). – The Brazilian multinational JBS, the second largest food company in the world, as of September got a net profit of 14,013 million reais (about 2,552 million dollars), compared to 578.9 million reais ($105.2 million). dollars) recorded in the same period of 2020.

Only in the third quarter of the year, the meat sector recorded a record net profit of 7,585 million riyals (about 1,381 million dollars), which represents an increase of 142.1% compared to the same period last year, according to the results discussed on Thursday. in a conference call.

The company attributed the positive result to the good performance of operations and demand in North America, which offset some of the “adversities” experienced in Brazil.

“In the United States, beef demand remains at strong levels,” said the conference’s director of investor relations, Gilherme Cavalcanti.

According to the balance issued by JBS, the net income of the meat giant as of September was 253.503 million riyals (about $46,175 million).

Meanwhile, between July and September alone, total revenues amounted to 92,625 million riyals (about $16,871 million), an increase of 32.2% compared to the third quarter of 2020.

Similarly, the company reported that all of its business units posted an increase in revenue, as long as they were denominated in Brazilian currency: Seara (+38.2%), JBS Brasil (+35.3%), JBS USA Bovines (+34.2%), JBS USA Suínos (Pigs) ( +42.2%), and PPC (+21%).

Already, the currency-adjusted interest rate (EBITDA) (operating result) of the meat giant increased by 74.2% during this period, jumping from 7,996 million riyals (about $ 1,456 million) in the third quarter of 2020 to 13,929 million riyals ( $2,537 million) this year.

See also  Carrera Panamericana will revitalize the economy during its journey

First Gulf Bank’s net debt increased from 51,464 million riyals ($9,374 million) in the third quarter of 2020 to 61,028 million riyals (about $11,116 million) in the same period in 2021.

The Brazilian multinational has about 400 units processing beef, pig, sheep and chicken in 15 countries, including Brazil, the United States, Canada, the United Kingdom, Australia and China.

The Bank of Jordan ended 2020 with a profit of 4,598 million riyals (about $837 million, at the current exchange rate), which is 24.4% less than in 2019, although it reached a record high of 270,000 million riyals (about $49,180 million). ). EFE

nbo / wgm / jlm

© EFE 2021. Redistribution and redistribution of all or part of the contents of the EFE Services, without the prior and express consent of EFE SA, is expressly prohibited.

Leave a Reply

Your email address will not be published. Required fields are marked *