JBS posts $112.8M in Q1 earnings

摘要

JBS SA earned R$227.9 million ($112.8 million) in the fiscal first quarter, nearly double the R$116 million ($57.4 million) profit the company reported in the first quarter a year ago. Net revenues advanced 22 percent to R$19.5 billion ($9.7 billion) compared to the comparable year ago quarter. Pilgrim's Pride Corp., the poultry-processing subsidiary of JBS, recorded net revenue of $2.0 billion, a 7.8 percent increase over the first quarter of 2012, according to the company. Price increases in the US and Mexico contributed to the increase.