Thursday, March 25, 2021

JBS profits soar

JBS of Brazil reported a 65 per cent increase In profits for last year, including increases from its businesses in North America.

JBS USA Beef reported 28.6 per cent increase in net revenue in 2020 in Brazilian currency, but a 1.7 per cent decline in U.S. dollars.

JBS USA Pork had net revenue increased by 37.1 per cent in Brazilian currency and 4.8 per cent in U.S. dollars, helped by increased exports to China.

Pilgrim’s Pride Corp. revenues increased by six per cent to $12.1 billion US, and profit increased by 30.3 per cent in Brazilian currency.