May 15, 2018 / 1:39 PM / 6 months ago

Brazil's JBS says Seara seeks profitability, won't sacrifice profits for market share

SAO PAULO, May 15 (Reuters) - Brazil’s JBS SA, the world’s largest meatpacking company, said on Tuesday that its Seara processed food division will not begin a price war to gain market share.

In a conference call, Chief Operating Officer Gilberto Tomazoni said JBS’ priority to Seara is profitability. JBS beat earnings estimates for the first quarter.

Reporting by Paula Laier; Writing by Carolina Mandl Editing by Chizu Nomiyama

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