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Brazil's JBS Reports Rise in Quarterly Profit

Brazil-based JBS, the world's largest meat packer, posted a sharp rise in net profit in the final quarter of 2024, even as the company's U.S. beef division grapples with high cattle prices.

The company said fourth quarter profit came in at 2.412 billion reais ($423.57 million), up from about 83 million reais the year earlier.

The company said adjusted earnings before interest, tax, depreciation and amortization, a measure of operating income known as EBITDA, came in at 10.789 billion reais, higher than the 9.888 billion reais predicted by analysts...

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