WH Group Limited ( (HK:0288) ) has issued an announcement.
Smithfield Foods, Inc., majority-owned by WH Group Limited, released its audited financial results for the year ending December 29, 2024. The report highlights a significant improvement in profitability with a net income from continuing operations of $798 million, compared to a loss of $133 million the previous year. This financial turnaround is attributed to a reduction in costs and improved operational efficiency, positioning Smithfield more robustly in the market. The results, prepared under U.S. accounting standards, differ from WH Group’s consolidated financial statements due to adjustments for IFRS compliance.
More about WH Group Limited
WH Group Limited is a company incorporated in the Cayman Islands with a significant stake in Smithfield Foods, Inc., a major player in the food industry. Smithfield Foods is based in the United States and is listed on the Nasdaq Global Select Market, focusing on meat processing and packaged meats.
YTD Price Performance: 14.93%
Average Trading Volume: 11,936
Technical Sentiment Signal: Sell
Current Market Cap: $11.16B
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