SAO PAULO, March 14 Brazilian meatpacker JBS SA
expects investments of between 1 billion and 1.2
billion reais ($507 million and $609 million) in 2013, Chief
Executive Wesley Batista said in a conference call on Thursday.
JBS posted fourth-quarter profits of 66.4 million reais
($33.85 million) on Wednesday, well below estimates by a poll of
analysts this week despite stable prices and rising volumes of
meat sales that boosted its bottom line.
Batista said the company will likely post better earnings
this year than in 2012.
($1 = 1.97 Brazilian reais)
(Reporting by Fabiola Gomes and Caroline Stauffer; Editing by
Gerald E. McCormick)