Pork producer Premium Standard Farms has announced rises in sales and income for its first quarter ended 25 June 2005.
Net income for the first quarter was $15.4m compared to net income of $9.4m for the first quarter of last year. Net sales for the quarter totalled $245.3m up from $212.1m in the comparable period last year.
“We are pleased to report record financial results in our first quarter as a public equity company,” said CEO John Meyer. “In the hog production segment, we had a significant increase in the number of hogs and total pounds produced, from improving health and operational performance. In the pork processing segment, we continue to make progress in expanding our export sales, enhancing our customer base, and improving margins in our North Carolina operations.”