Despite challenges, JBS S.A. reports a surge in annual profits.
JBS SA, the world’s biggest beef producer, made a fortune last year betting against the Brazilian currency. It lost half its windfall when the real rebounded in the first quarter.
JBS SA’s third-quarter profit more than tripled as a currency slump in the Brazil real boosted revenues at the world’s largest meat producer.
JBS SA, the world’s biggest meat producer, exceeded analysts’ estimates to post record quarterly profit on surging cattle prices and lower feed costs.
To protect essential frontline workers, JBS USA has voluntarily removed hundreds of at-risk workers from a Greeley, Colo., beef plant in response to rising COVID-19 infections in the community.
EU seeking information from Brazil and may schedule meeting. While President Temer calls emergency meeting in Brasilia for diplomats.
JBS SA, the world’s biggest meat producer, reported an unexpected 69 percent decline in first- quarter profit after currency-hedging costs partly erased gains from its poultry businesses.