JBS net revenues up for FY 2013, fourth quarter
Brazilian meat and poultry processor sees net revenues increase by at least 10 percent during each quarter of fiscal year
Brazilian-based meat and poultry processor JBS SA reported a 22.7 percent jump in net revenues during the JBS fiscal year 2013. Net revenues increased by at least 10 percent during all four quarters during the fiscal year.
JBS revealed on March 24 that the company's 2013 net revenues reached BRL92.9 billion (US$40.3 billion). For the fourth quarter, JBS recorded a net revenue of BRL27.2 billion (US$11.8), an increase of BRL5.4 billion (US$2.3 billion) or 24.6 percent when compared to the fourth quarter of 2012.
While the company has benefited from its purchase of Brazilian poultry and pork processor Seara Brasil, an estimated 54 percent of its improved revenues came from organic growth.
JBS Mercosul, the company's Brazil-based poultry, beef and leather unit, recorded revenues of BRL25.820 million (US$11.2 million) in fiscal year 2013, an improvement of 43.3 percent.
The U.S. poultry unit of JBS, Pilgrim's, in fiscal year 2013 recorded net revenues of BRL19.4 billion (US$8.4 billion), a 3.6 percent improvement from the revenues recorded during the 2012 fiscal year.