JBS Turns Q2 Profit Despite Challenging Operating Environment
JBS, the world's largest meat company, on Wednesday posted record quarterly net revenues of nearly $21 billion even as it navigates a challenging U.S. cattle cycle and deals with global geopolitical tensions, according to an earnings release.
The company, which reported results for the first time after listing shares on the New York Stock Exchange in June, recorded net profit of $528.1 million in the second quarter, representing a 60.6% annual rise.
The results were mainly driven by the good performance of subsidiary Pilgrims Pride, which posted...
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