Brazilian meat giant JBS has reported a fall in profits for the second quarter of the year despite an increase in sales.

The firm’s bottom line was hit by costs related to the tender offer for 2016 notes in JBS SA and Bertin SA.

Hedging costs and tax expenses also weighed on JBS’s net profit, which fell 24.9% to BRL254.3 (US$112m).

However, operating profit was up 18.5% to BRL747.3m against the same period a year earlier. 

Sales were also up 32.1% to BRL28.9m as a result of an improvement across all business units.

Click here for the full results.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData