Reporting a net income 24.5% lower than in 2021, JBS Chief Executive Officer Gilberto Tomazoni said the company’s 2022 financial results demonstrate the importance of responsible financial management as well as the company’s ability to anticipate the natural cycles of in the global animal protein industry. Net income for Q4 2022 was sharply lower at 2.3 billion reals ($437 million), a 63.7% decline from the same period in 2021. Performance of U.S. beef operations as well as a global oversupply of chicken were the largest contributing factors to the decline, the company said.
“We…
