JBS profit exceeds projections

JBS, the world’s largest meat processor, on Wednesday posted a net profit of R$ 2.43 billion ($480 million) for the fourth quarter of last year, a jump on the approximately R$ 560 million ($ 110 million) obtained a year earlier and higher than expected by analysts. The performance was supported by strong demand from China, which increased food imports after the African swine fever epidemic that hit its herd.

Source: Reuters