November 14, 2018 / 12:34 PM / a month ago

JBS says saves $300 mln in annual interest payments

SAO PAULO, Nov 14 (Reuters) - The world’s largest meat-packing firm JBS SA has paid down $4.3 billion of debt in the year through September, allowing it to save $300 million in annual interest payments, the company’s management said on Wednesday.

Speaking in a conference call to comment on third quarter results, JBS executives vowed the company would stick to a strict financial discipline while maintaining a comfortable liquidity position. JBS has about 20 billion reais in cash and available credit lines, seven times the value of its short-term debt, they said. (Reporting by Ana Mano Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below