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Revenue generated in JBS USA’s beef unit during the quarter that ended March 31 was $4.5 million, a 4.8 per cent increase compared with $4.3 million for the same period a year ago. Revenue generated from its chicken unit was $2 million, down 0.9 percent compared with the same period a year ago. Pork operations generated $896,000 for the quarter, a 6.5 percent increase from the same period a year ago.
Brazil-based JBS SA, the world’s largest meat producer, reported a 69 percent decline in first-quarter profit after currency-hedging costs partly erased gains from its poultry businesses, the company said in a statement. Its net income dropped to 70 million reais, or $32 million, from 227.9 million reais, or $103.1 million.
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JBS SA has operations in Brazil, Argentina, United States, Paraguay, Uruguay, Australia and Canada.