BRAZIL: Delay to US IPO hits profits at meat giant JBS
By: just-food.com | 24 March 2011
JBS saw underlying profits fall almost 11% in 2010 as the Brazilian meat processor swung into the red in the fourth quarter of the year thanks to a penalty fee linked to its delayed IPO in the US.
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JBS saw underlying profits fall almost 11% in 2010 as the Brazilian meat processor swung into the red in the fourth quarter of the year thanks to a penalty fee linked to its delayed IPO in the US.
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