“In our international operations, we had good results across all of our business units, due to our constant focus on operational efficiency, cost control and investments in innovation, combined with greater supply of cattle in the US, the growth in our North-American exports and the synergies captured from the assets acquired in 2015. In our operations in South America we faced a challenging quarter, especially in Brazil, due to the strong Real, which impacted the profitability of our exports, as well as the relevant increase in grain prices. Our global production platform and the diversification of our product portfolio allow us to mitigate challenging situations, while permitting us to pursue regional and/or segment opportunities”, stated Wesley Batista, Global CEO of JBS.
“We believe that the most challenging period for our platform in South America is over and we should see the recovery of the profitability in the next quarters. In our international operations, we are optimistic and confident with the performance of all our business units in the coming quarters, especially in our beef business in the US”, added Wesley Batista.
|16 November, 2016||16 November, 2016|
|9:00 am (Brasília time)||11:00 am (Brasília time)|
|06:00 am (New York time)||08:00 am (New York time)|