JBS SA doubled its profits for the second quarter of 2013, with earnings of R$338.5 million, when compared to the R$169 million from the second quarter of 2012. The second quarter concluded at the end of June.
The Brazil-based meat and poultry processor's net revenue for the second quarter of 2013 was R$21.9 billion, well above the R$18.7 billion recorded a year ago. Earnings before interest, tax, depreciation and amortization increased 65 percent from 2012 to R$1.67 billion in the second quarter.
"We are very confident about where we are going," Wesley Batista, chief executive officer of JBS SA, said during an August 15 call with shareholders. "We are still very committed to improving our business, improving margins, and generating cash."