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JBS reports strong results in third quarter of FY 2019

Company reported a net income of US$85 million
JBS reported a net income of BRL356.7 million (US$85 million) for the third quarter of fiscal year 2019, marking a significant turnaround from the third quarter of the previous year, when it posted a net loss of BRL133.5 million (US$31.8 million).
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BRF third quarter results reflect financial turnaround

Net revenues for company’s Brazilian and international operations improve 6.3% and 10.6%, respectively
BRF posted a net income of BRL445.6 million (US$106.7) for the third quarter of the 2019 fiscal year, a stark turnaround from the BRL812.4 million (US$195.6) net loss for the same quarter of FY 2018.
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China a paramount destination of Brazilian animal protein

ASF has had a positive impact on chicken and pork meat exports from Brazil and more plants are being authorized to ship to Asian nation
The Brazilian Association of Animal Protein (ABPA) is delighted with its relationship with China in the wake of the country’s struggles with African swine fever (ASF).
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US Senate members want JBS transactions investigated

Marco Rubio and Bob Menendez write to US treasury secretary, requesting an investigation be conducted
U.S. Sens. Marco Rubio and Bob Menendez have requested that the Committee on Foreign Investment in the United States (CFIUS) conduct a formal review of the transactions involving U.S. companies that were made over the past 12 years by Brazilian meat and poultry company JBS.
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