JBS Profits Jump as Chicken Gains More Than Offset Beef Downturn
JBS SA said quarterly profits rose more than expected, with chicken making up for the bulk of the increase as the world's largest meat supplier faces deepening losses at its US beef business.
Adjusted net income for the three months ended in March rose 78% from a year earlier to 2.92 billion reais ($520.7 million), the Brazilian company said in a statement. That compares with the 2.79 billion real average of analyst estimates compiled by Bloomberg.
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