Brazilian meatpacker JBS expects its core earnings this year to reach as high as $6.75 billion on net revenue of some $76.5 billion, Reuters reported, citing the company in a securities filing on Monday.

In its filing, JBS forecasted 2024 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), a measure of core profitability, to total between $6.25 billion and $6.75 billion.

The company noted that the disclosure complies with a requirement from Brazil's securities regulator.