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U.S. operations boost JBS Q1 to beat expectations

Company secures debt agreement for majority of debt.

JBS S.A., the world’s largest meat packing company, released its 2018 first-quarter financials this week, posting better-than-expected results. Net income was 507 million reals, nearly 50% higher than analysts’ pre-report estimates and also 43.5% higher than the same period last year. Earnings were 0.18 reals per share. Net revenue was nearly 6% higher, at 40 billion reals, supported by the U.S. beef, pork and chicken operations.

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