Jamaica Broilers Workforce reported a powerful quarter for its U.S. operations for the primary quarter of the 2023-24 fiscal yr, however its Jamaican operations didn’t fare fairly as smartly when in comparison to the similar quarter from a yr in the past.
U.S. operations
“Our U.S. operations reported a powerful phase results of JA$1.2 billion (US$7.8 million) for the primary quarter, which was once 44% above ultimate yr’s outcome,” the corporate said in its contemporary intervening time document. “We did have a 3% decline in general earnings due essentially to falling costs in maximum of our product strains. Alternatively, a 56% year-over-year build up in poultry volumes assisted in offsetting the damaging marketplace pressures.”
The document was once singed via Jamaica Broilers Chairman Robert E. Levy and President & CEO Christopher E. Levy.
Jamaica Broilers formally entered the U.S. poultry processing business in 2019 when it signed an settlement to achieve the previous Gentry’s Poultry Corporate plant in Ward, South Carolina. The corporate had prior to now received a hatchery in Pennsylvania from Bell & Evans and a feed mill in Georgia from Crystal Farm Generators.
Since that point, Jamaica Broilers, doing trade within the United States as The Best possible Dressed Rooster, has emerged because the 29th biggest broiler manufacturer within the U.S., having processed 1.05 million kilos of ready-to-cook rooster on a weekly foundation all through the previous yr, in step with data from the WATTPoultry.com Best Poultry Firms Database.
“Our South Carolina plant, which produces The Best possible Dressed Rooster line of goods, has received spectacular marketplace acceptance within the United States,” the corporate said in its document.
Jamaican operations
The corporate reported a phase results of JA$1.7 billion for the quarter, a 7% lower when in comparison to the similar quarter for the former fiscal yr.
“The aid was once basically pushed via higher drive from prime ranges of imports, affecting child chick gross sales to our small farmers,” the document said.
Operations ceased in Haiti
Jamaica Broilers did come with in its document year-ago figures from its Haiti operations, however no such figures existed for the newest quarter. The corporate reported in October 2022 that it was once no longer financially viable to do trade in Haiti and that it was once winding down operations there.