Sep 18, 2009
Jamaica Broilers Group Wows Investors
Jamaica’s leading poultry producer, Jamaica Broilers Group Ltd., wowed investors with stellar results for the first quarter ended August 1, 2009. Jamaica Broilers Group’s earnings per share more than doubled to J$0.36 from J$0.15.
All segments improved, especially the ethanol division, which contributed over 50% to net income. Profits from ethanol more than doubled and the poultry division also saw its earnings jump 22.73%. Additionally cost cutting measures bolstered the company’s bottom-line as distribution and administrative costs remained relatively flat.