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Article: World's largest meat company reports increase in earnings
- Article from:
- Xinhua News Agency
- Article date:
- April 28, 2003
CopyrightCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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World's largest meat company reports increase in earnings
WASHINGTON, April 28 (Xinhua) -- Tyson Foods Inc., the world's
largest meat company, reported Monday that there was a nearly 11
percent increase in its earnings over the past three months.
The company's profit for the three months ending March 29 was 72
million dollars, or 20 cents per share, up from a profit of 65
million dollars, or 18 cents per share, a year earlier.
But the gain in earnings was largely due to a 94 million dollars
gain related to a settlement of litigation over alleged price-fixing
for vitamins in animal feed, said a media report Monday
Tyson would otherwise have reported a profit of just 3 cents per
share ...