Smithfield profits up 60 percent for third quarter 2016
Smithfield’s net income reached US$144 million in Q3, up 73 percent.
Smithfield Foods executives touted income and profit increases in their third quarter earnings conference call on October 26. Total operating profits increased 60 percent for the third quarter of 2016 compared to 2015. Net income increased 73 percent. Smithfield Foods is owned by China’s WH Group.
“Bottom-line is, our…