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US: Robust poultry prices boost Sanderson

by 5m Editor
26 May 2007, at 9:08am

US - Rising poultry prices have driven first-half profits at US meat processor Sanderson_Farms.

The company posted net income of US$24.1m for the six months to 30 April. The result contrasted with a net loss of $25.3m during the corresponding period a year earlier. Turnover, meanwhile, leapt 37% to $653.2m.

"The improvement in our financial results reflects higher overall prices in the poultry markets compared with both the prior year period and the first fiscal quarter of this year," said chairman and CEO Joe Sanderson, Jr yesterday (24 May).

Source: Just-food

5m Editor