adminrespect of profitability and cash generation. Colcom reported revenue for the period under review of US$25,3 million, which grew 4 percent from the prior comparable period, attributed to an 8 percent increase in total volumes, mainly from entry level products.
During the period under review, the company commissioned a new sausage factory, with new products contributing to a 20 percent increase in pork sales volumes compared to the same period in the prior year.
The new sausage line is expected to further contribute to further increases in the outlook period. Operating profit increased by 9 percent to US$3,7 million while operating margin increased from 13,9 percent to 14,7 percent mainly due to higher factory throughput.
The improved profitability resulted in the company’s board declaring an interim dividend of US$0,53 per share. Basic earnings per share for the period amounted to US$1,59.
In terms of its operations, Colcom reported high-level pig performance at Tripple C, driven by an ongoing genetics renewal programme.
On the other hand, Associated Meat Packers Unit saw volumes growing 48 percent from the prior period.
Colcom said it plans to introduce new products into the market while increasing its distribution channels as it seeks to maintain the positive momentum.
Online Reporter