Smithfield Meat producer presents Q2 results

by Editor fleischwirtschaft.com
Thursday, August 18, 2016
Photo: Bernd Kasper / pixelio.de
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Smithfield Foods, Inc., a wholly owned subsidiary of WH Group Limited (HKEX: 288), announced that the company intends to file its Quarterly Report on Form 10-Q for the period ended July 3, 2016 with the Securities and Exchange Commission on Tuesday, August 16, 2016.
For the second quarter ended July 3, 2016, Smithfield reported net income of $137.8 mill. compared with $104.2 mill. posted in the second quarter of 2015. Sales for the quarter were relatively flat at $3,492.6 mill. compared to $3,486.6 mill. in the year-ago quarter.

Operating profit in the fresh Pork segment, increased by $73.0 mill. primarily as a result of higher fresh pork market values relative to hog prices, the company said. Packaged Meats operating profit declined 2% to $ 172.9 mill. on lower sales volume.

For the six months ended July 3, Smithfield reported net income of $258.8 mill. compared with $201.2 mill. in 2015.

A copy of the Quarterly Report will be available on the company's website.

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