date:Mar 12, 2013
US-based pork processor Smithfield Foods has reported that its net income for the third quarter of fiscal 2013 increased by about 3% to $81.5m, compared with $79m in the corresponding quarter in the previous year, fuelled by growth in packaged meats and contributions from international operations.
The company said that its third quarter earnings were positively impacted by a lower than expected effective tax-rate, which is attributable to increasing profits from its international operations tha