JBS Q2 net income drops

JBS Q2 net income drops

JBS reports increase sales for beef and pork segments while chicken is flat.

BRAZIL-based JBS S.A. last week recorded net income of $254.3 million reals for the 2014 second quarter ending June 30, a 25% decline from $338.5 million reported in the second quarter of last year.

Still, net revenue for the second quarter climbed 32% from the same period in 2013 to $29 billion reals. In addition, second-quarter 2014 results were 9.8% more than in the first quarter of this year.

"The expansion of the revenu

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