Broiler’s Haitian profit jumps 161%

Sales of table eggs in Haiti, penetrated the Haitian market sharply for Jamaica Broilers, with market share nearly doubling to 21 percent of the market up from 13 percent in 2015, the company reported in their latest fiscal quarterly, to January this year.
The growth helped profit in the Caribbean division to climb 161 percent from $115 million to $299 million. Net Profit from continuing operation climbed 25 percent to $721 million up from $579 million for the January quarter and rose by just 4 percent to $1.55 billion compared to $1.49 billion for the nine months to January. Earnings per share ended at 60 cents for the quarter and $1.29 for the nine months and should end up around $1.70 for the full year, from net profit of $2 billion with 2018 fiscal profit preliminarily forecasted by IC Insider to be $2.
Revenue for the group climbed 12 percent to $11.7 billion in the latest quarter from $9.9 billion and $32 billion compared to $28 billion for the nine months to January.