January 8, 2009
Cremonini and JBS raked up US$75 million gross profit
Italian beef group Cremonini, recently associated with JBS Brazil, have turned in half year gross profits of US$75 million, with a net six- month profit of US$46.2 million.
This figure comes in with a turnover of US$1.5 billion during the six -month period.
This was the first EU beef venture of JBS South America and results have pleased Brazilian headquarters, in the wake of the economic downturn.
