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

LOS ANGELES , 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.

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