Sanderson Farms Inc has reported results for the fourth quarter and fiscal year ended Oct 31, 2006.
Net sales for the fourth quarter of fiscal 2006 were $291.7 million, compared with $262.5 million for the same period a year ago. For the quarter, the Laurel MS-based chicken company reported net income of $10.5 million, versus $10.1 million for the fourth quarter of fiscal 2005.
For fiscal 2006, net sales totaled $1.048 billion compared with $1.053 billion for fiscal 2005. The net loss for the year totaled $11.50 million, in contrast to net income of $70.6 million for the year before.
