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Broilers' Core Business Profit Improves
JAMAICA - All segments of Jamaica Broilers' operations, excepting its newly formed energy division, saw an improvement in profit margins on higher sales during the July quarter, when compared to the corresponding three months in 2006.The start-up cost of the poultry processor's ethanol dehydration plant, which began operating in July, and repairs to its cogeneration plant flattened overall profits.
For the 12 weeks to July 21, Broilers earned $52 million net profit, or approximately the same as the comparative period last year.
The group's turnover increased by 24 per cent, or $450 million to $2.8 billion during the quarter.
Profit before finance costs, unallocated corporate expenses and tax (PFCT) for the poultry division, which rears poultry for egg production as well as processed chicken, increased from $124 million during the July 2006 quarter to $188 million during the quarter under review - a 50 per cent increase.
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Source: JamaicaObserver
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