Net financial expenses totaled 2.2 billion reais in the period, the worst in five quarters because of currency variations and adjustments in the fair value of derivatives, which together accounted for about half of the expenses, the company said.
Earnings before interest, tax, depreciation and amortization, a gauge of operating profitability, came in at 3.7 billion reais, above a consensus estimate of 3.4 billion reais, reflecting the good results in JBS's US, Australian and Canadian operations.
Copyright Reuters, 2017