JBS reports steady Q4 profit despite tight beef margins

The global meat processing giant JBS reported a nearly flat net profit for the fourth quarter, as record-breaking revenue was offset by tightening margins within its primary business segments. The company, headquartered in Brazil, announced a net profit of $415 million for the period spanning October to December. This represents a marginal 0.5% increase from the previous year, though the result landed slightly below the $428 million consensus forecast from analysts.