Brazil's JBS posts Q2 net income nearly 30% higher on strong U.S. meat ops
SAO PAULO, Aug 11 (Reuters) - The world's largest meat company JBS SA, headquartered in Brazil, reported net income of 4.382 billion reais ($839.22 million) in the second quarter, almost 30% higher than in the same period a year ago, partly driven by its thriving meat business in the United States.
Earnings before interest, tax, depreciation and amortization, a measure of operating income known as EBITDA, came in at 11.7 billion reais, well above a forecast 8.973 billion reais by three analysts, as the company was able to partly offset the effects of higher feed costs by raising prices in some markets. ($1 = 5.2215 reais) (Reporting by Ana Mano and Nayara Figueiredo Editing by Chris Reese)
