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JBS shifts from loss to R$2bn profit in 1st quarter with U.S. operations

RIO DE JANEIRO, BRAZIL - JBS , global leader in meat and the world's second largest food producer, posted a R$2 billion (US$377 million) net profit in the first quarter 2021, reversing the R$5.93 billion loss posted in the same period last year, according to a balance released Wednesday.

The company's North American operations led JBS to its best performance for a first quarter, with record profits, net revenue and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), said CFO and Investor Relations Director Guilherme Cavalcanti.

EBITDA soared 75.8% year-on-year to R . . .

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