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JBS posts Q4 loss as it moves forward after scandals

Plans for IPO for subsidiary JBS Foods International in U.S. remain intact.

JBS S.A. continues to be affected by the scandals that emerged in 2016, posting a surprising net loss this week of 345.1 million reals during the fourth quarter of 2017. This compared to a net income of 708.1 reals in the fourth quarter of 2016. A pre-report Reuters consensus showed that analysts had expected fourth-quarter 2017 net income of 556.4 reals.

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