JBS SA JBSAY posted a profit in the third quarter.
JBS posted a quarterly profit of 367 million Brazilian reais ($178 million), versus a year-ago net loss of BRL67.5 million.
Its net revenue rose to BRL19.4 billion from BRL15.6 billion, while earnings before interest, taxes, depreciation and amortization surged 75% to BRL1.4 billion.
JBS shares dropped 2.13% to close at $6.43 yesterday.
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