Tyson posts solid profits despite bans
(April 27, 2004) — (Little Rock-AP) -- Bans on imports of U-S meats to foreign countries aren't keep Tyson Foods from making a profit. The world's largest meat company reported a 65 percent increase in quarterly profits yesterday. Second-quarter profits were 33 cents per share, up from 20 cents a year ago. Tyson officials said they expect the bans to end soon and reported that they earned 119 million dollars for the three months ending March 27th, compared to a profit of 72 million for last year's second quarter. Sales were six-point-two billion dollars compared to five-point-eight billion in the same period last year.