Smithfield Foods, Inc., a wholly owned subsidiary of WH Group Limited (HKEX:288), today reported record 2014 third quarter results. All comparisons are to the third quarter of 2013. Sales for the third quarter of 2014 were $3.7 billion, up 11%. Net income was $155.3 million, compared to net income of $35.4 million last year.
C. Larry Pope, president and chief executive officer, commented on Smithfield's record results for the third consecutive quarter: "We continue to improve our operating performance across all business segments and our record results reflect the sustained progress the company is making to realize efficiencies and strengthen our market position. We are also benefitting from a favorable operating environment with tight supplies and strong demand both domestically and internationally."