Consolidated EBITDA was R$1,012.8 million, an increase of 72.3 per cent compared to the second quarter of 2011 and EBITDA margin was 5.5 per cent.

JBS Mercosul was the highlight of the quarter the company said reporting net revenue of R$4,317.7 million, an increase of 19.4 per cent over the second quarter of 2011.

EBITDA increased by 47.3 per cent over the same period and was R$630.3 million with an EBITDA margin of 14.6 per cent.

JBS USA Chicken (Pilgrim's Pride Corporation) posted net revenue of US$2.0 billion and EBITDA of US$125.7 million in the period, reversing the negative result presented in the second quarter of 2011.

Adjusted net income in the period was R$212.9 million excluding deferred income tax liabilities generated by goodwill (this deferred income tax is disbursed only if the company sells the investment that generated goodwill). Reported consolidated net income was R$169.5 million.

The Company ended the quarter with R$5.475 billion in cash and cash equivalent, corresponding to more than 110 per cent of short-term debt.

In the half year, net revenue came to R$34.5 billion, 17.7 per cent higher than in the first half of 2011.

Consolidated EBITDA was R$1,709.3 million in the first half of 2012, which is 20.1 per cent above the 2011 results. EBITDA margin of the semester was 5.0 per cent.

Adjusted net income for the semester was R$453.2 million excluding deferred income tax liabilities generated by goodwill. First half reported consolidated net income was R$285.6 million.

The half year has seen the start up in the poultry industry in Brazil through the rental of Frangosul assets, with a processing capacity of 1.1 million birds/day.

The company said it is to ramp up of its beef business in Brazil adding new units with the capacity to process about 8,000 head/day.

In the half year, the independent listing of Vigor S.A. through the conclusion of the Voluntary Public Tender Offer for the Acquisition of JBS Shares in Exchange for Vigor Shares took place.