The listed trust behind Canadian meat processor Specialty Foods Group (SFG) has booked mixed first-quarter earnings amid price increases and higher sales volumes.
Go deeper with GlobalData
Specialty Foods Group Income Fund, which holds an indirect stake in SFG, booked underlying operating income of C$5.7m (US$5m) for the three months to 28 March – compared to C$3.5m a year earlier.
Underlying EBITDA reached C$7.4m, against C$4.9m a year ago.
“This increase was due to both a C$0.08 per pound increase in average selling price, and an increase in sales volume of 0.9m pounds compared with the first quarter of 2008,” the fund said.
Net income, however, stood at C$2m in comparison to C$11.6m when the fund benefited from income from subsequently discontinued operations.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSFG sells franks, hams, bacon, luncheon meats, and delicatessen meats to the retail and foodservice sectors.
The company’s brands include Nathan’s, Field, Fischer’s, Mickelberry’s, and Scott Petersen as well as on a private-label basis.
