terça-feira, 15 de maio, 2018

JBS has R $506.5 million net profit in the first quarter of 2018

"We have closed another quarter of solid, consistent numbers that demonstrate our ability to overcome", reported José Batista Sobrinho, Global JBS CEO, in a statement to the market. JBS's net revenue in the first quarter of 2018 totaled $39.78 billion, increased R 5.8% compared to the previous year. The net financial result of the JBS between January and March this year was negative in R $1.18 billion, worsening of 170% compared to the result of the same period in 2017. The company's net debt fell 4.8%, to R $45.504 billion. The level of leverage as measured by net debt/Ebitda, fell from 4.23 times to 3.24 times in a year. "The steady improvement in our financial health indicators, quarter after quarter, demonstrates our determination. In addition, the normalization agreement of short-term debt in Brazil, with the term extension in three years, announced today, demonstrates the confidence of financial institutions in the management of the company and contributes to a significant extension of the average maturity of our debt, ensuring financial liquidity and the continuity of the good operating performance "reported Batista Sobrinho. Normalization. JBS closed with banks in Brazil and abroad a normalization agreement. Financial institutions participating in the agreement represent 78% of the total amount of the company's bank debt. The agreement ensures the maintenance of lines of credit of approximately R $12.2 billion for a period of 36 months contact from July this year. JBS will have to perform the amortization of approximately 25% of the main January 2019 onwards until the end of the duration of the agreement, in July of 2021. "The celebration of this Standardisation Agreement demonstrates the confidence of financial institutions in the management of the company and contributes to a significant extension of the average maturity of our debt, ensuring financial liquidity and continuity the good operating performance, "commented José Batista Sobrinho, Global CEO of JBS, through material fact disclosed by the company.
O Estado de S. Paulo - 15/05/2018 Noticia traduzida automaticamente
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