US: Robust poultry prices boost Sanderson

US - Rising poultry prices have driven first-half profits at US meat processor Sanderson_Farms.
calendar icon 26 May 2007
clock icon 2 minute read

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

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