São Paulo – Exports by the meat company JBS to the countries of Africa and the Middle East increased in Q2 of this year in comparison to the same period of last year. Sales to the two regions fetched US$ 559.88 million, an increase of 4.88%. These countries’ share in the total shipped by the company went from 12.4% to 14.1%, according to data released this Friday (14th) by the company.
The Middle East and Africa show up as the second destination for exports of the company, behind only China, which includes sales to Hong Kong.
According to the balance sheet, JBS’s total exports fetched US$ 3.9 billion from April to June, a decline of 7.7% over the same period of 2014.
JBS’s results also show an increase in revenues, profit decline and stable indebtedness. Revenues of Q2 reached R$ 38.9 billion (US$ 11.16 billion) and were 34.4% higher than in the same period of last year. Net profit was R$ 80.1 million (US$ 22.99 million), 68.5% lower than the one registered between April and June of last year.
In a statement, the company said that profit went down due to foreign exchange protection. Dollar-denominated debt went up from US$ 11.221 billion in Q2 of last year to US$ 11.224 billion in the same period of this year. The company pointed out that it expanded its cash flow generation from R$ 147 million (US$ 42.19 million) to R$ 675 (US$ 193.75 million) in the same comparison.
Besides, the company had an expansion of Ebitda (earnings before interest, taxes, depreciation and amortization), which reached R$ 3.5 billion (US$ 1 billion) and was 47% higher than the one from April to June 2014. This indicator shows the evolution of earnings with the company’s operation.
The company’s common share, with voting rights, listed at the São Paulo Stock Exchange (Bovespa) had the third largest fall of the day with -3.95% and closed the day at R$ 15.07 (US$ 4.32).
*Translated by Sérgio Kakitani
