US processor and marketer of fresh pork and processed meats, Smithfield Foods, Inc., has posted increased sales of $3 billion for the first quarter of fiscal 2006, compared with $2.7 billion last year.

Net income was $49 million versus last year’s $54.9 million. Results for the current quarter include approximately $5 million in operating losses associated with a brief closing of one plant in Poland.

"I am satisfied with the company's performance in the current quarter, given several negative factors in the marketplace," said Joseph W. Luter, III, chairman and chief executive officer.”