Smithfield Foods reports second-quarter profit
- December 9, 2010
Smithfield Foods Inc., world’s largest pork processor and hog producer, reported profit of 86 cents per diluted share for its fiscal 2011 second quarter, up from a loss of 17 per share during the same period last year.
The Smithfield-based company said net income for the second quarter, which ended Oct. 31, was $143.7 million, compared with a loss of $26.4 million the year befor
Second-quarter sales totaled nearly $3 billion, up 11 percent.
Fresh pork operating profit improved 156 percent during the quarter.