The Jamaica Broilers Group saw an improvement in its Jamaican and U.S. segments’ results, but a decline in its Haitian segment’s results for the six-month period ending on October 26.
The company reported group revenues of JM$26.3 billion (US$190 million), a 2% increase over the JM$25.7 billion (US$180 million) achieved for the same period of 2018. The company also reported a 4% increase in gross profit for the period at $6.5 billion (US$46 million).
Jamaica Broilers’ Jamaican operations reported a segment result of JM$1.42 billion (US$10 million), an improvement of 5% when compared to the same period of last year. This improvement was attributed to increased poultry sales and enhanced inventor management.
Total revenue for Jamaica Broilers’ U.S. operations increased by 15% over the same period of the prior year, with that improvement being driven by increased sales of fertile eggs, baby chicks and animal feed sales. The U.S. operations reported a segment result of JM$671 million (US$477 million), a year-over-year increase of about 1%.
Jamaica Broilers’ Haitian operations reported a segment loss of about JM$6 million (US$43,000). During the same six-month period of 2018, the company’s Haitian operations reported a profit of about JM$85 million (US$600,000) . Total revenue for the Haitian segment declined by about 15%. The company stated that the poor performance is a direct result of the political and economic instability being experienced in Haiti.
Jamaica Broilers Group, according to the WATTAgNet Top Poultry Companies Database, slaughters 46.8 million chickens annually. It is a fully integrated poultry processor that markets its products under the Best Dressed Chicken and Hi-Pro brand names. Caribbean distribution is handled from multiple Jamaican and Haitian facilities, and international exports originate from two breeding facilities in the U.S. through subsidiary Wincorp International’s firm International Poultry Breeders. Haitian eggs are marketed under the HB Ouefs brand, and chicken is marketed under Le Chic Poulet. The Best Dressed Chicken division also extends to the Cayman Islands, including a contract with fast-food chain Popeye’s, and into the Turks and Caicos Islands.