SÃO PAULO: The Brazilian meatpacking company JBS increased sales to the Middle East and Africa in 2015. According to the balance report released by the company this Thursday (17), the participation rate of Middle East and Africa countries in the total of exports also increased, despite a decline in revenues with shipments in the period. In a statement, the company’s CEO, Wesley Batista, said that sales for the two regions and to Asia were the highlights in exports last year.
According to JBS balance report, last year revenues with shipments stood at USD 15.433 billion, or 30% of the company’s global sales. Sales to the Middle East and Africa amounted to 14.3% of the total, or USD 2.2 billion in calculations done by ANBA. In 2014, revenues with exports totaled USD 16.233 billion. From this total, 12.3%, or USD 1.99 billion, was shipped to the Middle East and Africa.
In the overall results, JBS registered revenues of BRL 162.915 billion (USD 44.602 billion) in 2015, an increase of 35.2% over the performance in 2014. Net profit stood at BRL 4.6 billion (USD 1.25 billion), an increase of 127.9% over 2014. Net debt also increased: from USD 9.4 billion in 2014 to USD 12 billion last year.
In Q4 2015, however, JBS registered a loss of BRL 275.1 million (USD 75.31 million). In the same period in 2014, there was a profit of BRL 618.8 million (USD 169.41 million). Revenues between October and December increased 37.5% to BRL 47.1 billion (USD 12.89 billion). At 1:26 PM, ordinary shares of the company, with voting rights, were being dealt at BRL 12.29 (USD 3.36) at the São Paulo Stock Exchange (Bovespa), up 8.47%.
