JBS profits up for Q2
JBS profits up for Q2
The world’s largest beef producer, JBS, SA of Brazil has announced a profit of 169.5 million Brazilian reals ($83.64 million) for its second quarter. According to Reuters that compares with a loss of 181 million ($89,263,700) for the same period in 2011.
The business attributed its achievements to having expanded its beef processing capacity by 8,000 head a day. It also started poultry production in Brazil for the first time following the leasing of Frangosul plants from the beleaguered French Doux. These plants were reported to be operating at a 90% capacity.
Jose Batista Sobrinho, began operations as a family butcher in a slaughter plant with a capacity of five cattle per day. The company now employs around 120,000 people and has over 140 production units worldwide.
