date:May 16, 2014
Smithfield Foods, now part of the Chinese WH Group, saw sales for the first quarter of 2014 rise by three per cent to $3.4 billion.
Net income was $105.3 million, compared to net income of $18.2 million last year a rise of 479 per cent.
Consolidated operating profit rose by 234 per cent to $196.4 million.
The company said that operating profit and margins were higher in every business segment with total pork operating profit up by 40 per cent to $180.2 million. Fresh Pork operating profit ros