We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
Sponsor Generated Content
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.
JBS SA has operations in Brazil, Argentina, United States, Paraguay, Uruguay, Australia and Canada.