SAO PAULO May 15 The world's largest meatpacker
JBS SA reported net income of 422 million reais
($135.7 million) in the first quarter, below a consensus
estimate of an 857 million reais net income, as it dealt with
the effects of a food safety scandal.
In a statement on Monday, JBS said earnings before interest,
tax, depreciation and amortization (EBITDA), a gauge of
operating profitability, slumped 31 percent to 2.140 billion
reais. The company said the effects of the investigation would
not be lasting, and did not make any provisions related to it.
($1 = 3.1094 reais)
(Reporting by Ana Mano; Editing by Sandra Maler)