Tyson Foods files 28% rise in net profit in Q1
Tyson Foods, the USA's largest meat company, filed a net profit of $ 593 million ($ 1.59 per share) in the first quarter of fiscal 2017, ended in December. This is a 28% up on the $ 461 million ($ 1.15 per share) field in the same period last year. "It's the best start to the year in the company's history," said the CEO of Tyson, Tom Hayes, in a statement. According to Tyson, the company's performance - earnings per share, operating profit and cash flow - was a record in the first quarter of the current fiscal year. In the period, Tyson's sales totaled $ 9.182 billion, 0.3% up on the $ 9.152 billion for the first quarter of fiscal 2016. In the same comparison, the company's operating income increased by 26.5%, to $ 982 million. The company's operating margin increased from 8.5% to 10.7%.