JBS reports Q4 net earnings of 25.6M reais, compared with net loss of 67.5M reais in year-ago period; revenue up 18% to 16.9B reais
March 22, 2012
– JBS S.A. reported fourth-quarter net earnings of 25.6 million reais (US$14 million), compared with a net loss of 67.5 million reais in the year-ago period, Reuters reported March 21.
However, the results were lower than the forecast of 167 million reais in net earnings by a Reuters survey of four analysts, as a weak North American poultry market offset surging U.S. beef and pork prices.
Revenue rose 18% to 16.9 billion reais as U.S. beef and pork prices rose more than 20% in 2011.
The primary source of this article is Reuters, London, England, on March 21, 2012.