Smithfield Q1 profits fall 8%

Smithfield Q1 profits fall 8%

SMITHFIELD Foods Inc., a wholly owned subsidiary of WH Group Ltd., recently released its first-quarter financial results for 2015, revealing an 8% decrease in profits that the company said was attributable to lower prices and a stronger U.S. dollar.

Smithfield reported that international sales decreased 12% primarily due to changes in foreign exchange rates, with the foreign currency translation negatively affecting operating profit by approximatel

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