Fridge has 56% higher profit JBS in the first quarter

The JBS, larger refrigerator meat chiller automatically in the world, reached in the first three months of the year an adjusted net income of R $ 374.5 million, 55.8% greater than the amount registered in the same period last year.
Already reported net income for the period was R$227,9 million, R $ 0.08 per share, an increase of 96.3%. In addition to the positive result, the CEO and President of JBS, Wesley Batista, said he is optimistic about the Group's operations in the world. At the end of the trading session of Bovespa, the common shares of the company closed up XX%, with papers to $ XX.
The net revenue was also positive, at r $ 19.5 billion, with high of 22% with respect to the first quarter of last year. The Ebitda (earnings before interest, taxes, depreciation and amortization) rose 26% to $ 879,4 million.
JBS closed the quarter with a debt for $ 15.6 billion, 3.8% more than the registered at the end of the fourth quarter of last year.
Exports
Revenues from exports in the first quarter was $ 2.6 billion. The Asian market continued in the leadership of meat consumption exported from JBS, with 18.4% stake, whereas China, Honk Kong and Viet Nam.
The Brazil, which represents 18.4% of the volume of meat exported by the group, increased export volume of beef at 33.9%. The meat price dropped 5.6%, but the CEO of the Group stated that the exchange rate variation compensated the fall.
Already the Brazilian chicken exports fell 7.5% in volume, but rose 12% in price, moves that reflected the fall in production in 2012.
International production
The highlight of the JBS production out of Brazil was the beef in North America and Australia, which earned the company a revenue of $ 4.3 billion, up 5.8%, pulled by the beginning of the operations in Canada and by the devaluation of the Australian dollar, which has boosted exports from the country in Oceania. Eighty percent of revenue in Australia arising from export.
Revenues from the production of birds in the United States was also high, $ 2 billion, with high of 7.8%. According to Bailey, the highlight of this unit is the low-cost operation.
MERCOSUR, in turn, was where there was the greatest revenue growth, with a high of 29.8% to r $ 5 billion. According to the CEO of JBS, the result reflects the increase in the volume of animals processed at 25.8% in the period and the beginning of the operations of birds in Brazil in the middle of last year. According to Bailey, the volume slaughtered in the region should stabilize in the next quarter, which must accompany the stabilization in prices.