First Quarter Profits Jump At Jamaica Broilers. Increased Sales, Growth in Jamaican Operations.

The Jamaica Broilers Group reported profits of $330.8 million for the quarter ending August 2015, the first quarter of its 2015/16 financial year, compared to $113.6 million a year earlier.

Gross profits for the quarter amounted to $2.28 billion, which is 32% above the $1.73 billion recorded for the corresponding quarter last year. This was driven by revenues for the quarter amounting to $8.93 billion which, when compared to the $7.89 billion in the corresponding period last year, represents a 13% increase.

The Jamaican operations performed well when compared to the prior year’s quarter –which was negatively impacted by drought, market constraints and sluggish consumer demand. The Jamaican operations brought in $697 million for this quarter; a $448 million increase over the $249 million reported for last year.