JBS 2017 Q1 suffers due to Brazil meat scandal

Company now involved in second investigation involving Brazilian state bank.

Operations have returned to normal and recovery is expected, especially in the second half of 2017, Wesley Batista, global chief executive officer of JBS S.A., said during a quarterly results conference call, referring to the impact the Brazilian meat scandal had on the company’s beef business. Batista said the company incurred a lot of expenses associated with the investigation. He expects that second-quarter results will also show an impact but will improve from there.

A two-y

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