On the other hand, sales rose in the third quarter to US$ 19,926 million, which represents an increase of 6.4% compared to the same period of the previous year.

Brazilian meat company JBS has almost sextupled its third-quarter net profit, experiencing a 490.5% increase in earnings compared to the same quarter in 2023, reaching US$ 692.9 million.

Sales in the third quarter rose to US$19.926 billion, up 6.4% from the same period last year. During the period, about 74% of JBS's sales came from the domestic market and 26% from abroad.

Seara's turnover grew by 4.9% year-on-year and that of JBS Brasil by 10.1%. In turn, sales increased by 6% in North America and 13.3% in Australia.

Costs, meanwhile, fell by just 1.1% year-on-year to US$16.646 billion, according to the company's earnings report.

Adjusted gross operating profit (EBITDA) rose 94.3% compared to the first three quarters of the previous year, reaching US$2.153 billion.

Operating income increased by 190.4%, almost three times the amount from a year ago, reaching US$1,554 million.

Between July and September, JBS invested US$320.9 million, which is 14.5% less than the same quarter of the previous year, and 7.2% less than the amount invested between April and June of this year.

Looking ahead to the end of the year, JBS has shared its growth projections, expecting revenues of US$77 billion. EBITDA will be between US$6.9 and US$7.1 billion.