Net profit of Brazil's JBS in the third quarter fell to 15 cents per share against 52 cents a year earlier, Bloomberg reported. The deterioration of the world's largest meat producer is due to tariffs on meat imports in China, against which the ratio of net debt to EBITDA increased from 2.4x to 3.5x. At the same time, the company agreed to acquire Flora's cosmetics business and the company's communications assets from its shareholders J&F for $542 million, including debt.

Net profit of Brazil's JBS in the third quarter fell to 15 cents per share against 52 cents a year earlier, Bloomberg reported. The deterioration of the world's largest meat producer is due to tariffs on meat imports in China, against which the ratio of net debt to EBITDA increased from 2.4x to 3.5x. At the same time, the company agreed to acquire Flora's cosmetics business and the company's communications assets from its shareholders J&F for $542 million, including debt.