JBS S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022
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JBS S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was BRL 92,191.39 million compared to BRL 85,626.93 million a year ago. Net income was BRL 3,952.27 million compared to BRL 4,382.46 million a year ago. Basic earnings per share from continuing operations was BRL 1.78 compared to BRL 1.75 a year ago.
For the six months, sales was BRL 183,057.96 million compared to BRL 160,878.15 million a year ago. Net income was BRL 9,094.54 million compared to BRL 6,427.98 million a year ago. Basic earnings per share from continuing operations was BRL 4.07 compared to BRL 2.59 a year ago.
JBS S.A. is one of the worldwide producers of beef. The group proposes carved beef and pork as well as prepared frozen products (cooked meats, sausages, mortadella, etc.). Products are marketed with food-processing industrialists, food retailers, supermarkets, restaurants, etc.
JBS also develops manufacturing of poultry products, milk products, leather items, hygiene products, pets foods, canned food activities, etc.
At the end of 2021, the group has over 500 production sites worldwide.
Net sales are distributed geographically as follows: South America (25%), the United States (74.1%) and other (0.9%).