Tyson income grows in fiscal second quarter
Tyson Foods, from Springdale, Arkansas, US, posted a
net income of $68 million for the second fiscal quarter, ending March 31st.
This way, the world's largest producer of chicken, beef and pork lot better
than the loss of $127 million in the same quarter of the previous
Sales during the quarter were $6,501 million,
an increase of 4% from $6,251 million during the same period of
"Quarterly operating income improved $300 million over the same
period last year," said Richard L. Bond, president and CEO. "All segments were
profitable, and it was our strongest performance since the fourth quarter of
"Our pork business is well
within our target margin objectives." Pork sales were $805 million, up from $729
million from the same quarter of the previous year.
Beef figures were
back in the black and poultry revenues were also within target margin
Improved margins were related to cost-cutting of more
than $200 million per year, Bond said.
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