Canadian food manufacturer Premium Brands, best known for its speciality branded products, has reported a slump in second quarter profits to C$600,000 (US$427,000).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Some $4m of this is attributed by the company to the crisis that hit the Canadian beef sector when a case of bovine spongiform encephalopathy (BSE) was discovered in a cow in Alberta earlier this year.

Sales rose by $1.5m to $68.6m.

The company said that certain products were being reformulated to minimise the impact of the ongoing ban on imports of Canadian beef into Japan and the US.

Premium Brands said it was revising its projected pretax earnings for 2003 to the range of $20-21m range, down from the previously estimated range of $24-25m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now