Salada’s Q1 Profit Down 20% vs Last Quarter. Up 28% vs Q1 Last Year

For the first quarter ending December 2016 Salada Foods Jamaica Ltd is reporting Net Profit of $17.29m up 28% above the previous year ($13.47m). The company reports this being due to increased sales, improved margins (from efficiencies and product mix) and gains on investments.

While Salada is reporting an increase in profits compared to last year, this is however 20.4% lower than the $21.7m reported in the last quarter, Q4 2016.

More to come.