JBS' 2014 net revenues will likely grow about 20% in 2014, driven mainly by Brazil's domestic market, CEO says
February 24, 2014
(Industry Intelligence Inc.)
– According to JBS SA Chief Executive Officer Wesley Batista, the company's net revenues will likely grow about 20% in 2014, in line with recent years, Thomson Reuters Corp. reported Feb. 21.
Much of the increase will be driven by Brazil's domestic market despite weaker economic growth, Batista said.
JBS posted revenues of 24.2 billion reais (US$10.38 billion) in its fiscal third quarter, up 25% from the year-ago period. The company will release its fourth-quarter earnings on March 24.
The primary source of this article is Thomson Reuters Corp., London, England, on Feb. 21, 2014.