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Salada Foods records net profit of J$23-million

Salada Food is reporting net profit of  $23 million dollars for the three months ended December 31.
 
The company's first quarter results came in lower than the $26 million recorded in the same quarter in 2017.
 
Salada Foods says the decline occurred in October when both broilers were damaged and the repairs took longer than expected.
 
The main broiler came back online at the end of  November.
 
Salada says while the broiler was down there was no production of  coffee but there was enough inventory at Lasco and its overseas distributors to satisfy market needs.
 
The company says full production resumed on December 1.
 
Since then the company says it has maintained normal inventory levels with its distribution partners.
 
Meanwhile,  Sweet River Abattoir has reported another disappointing quarter.
 
Sales declined by 13.5 per cent  to $63.9 million resulting in a $912 thousand loss.
 
However, this was a decline from the $4.5 million loss suffered during the same period in the previous year.


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