News

Smithfield Foods reports higher sales

25/08/2005

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.

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