Agro-industrial company MHP S.A (MHPC.L) Friday reported a decline in the first quarter profit impacted by increased production costs for chicken meat, flat domestic poultry prices and a reduction in the average price of chicken meat due to a higher proportion of export sales.
For the quarter the company posted profit of $36.31 million, down from $47.89 million reported for the same period last year. On a per share basis profit was $0.33 compared with $0.43 last year.
The company clocked a revenue of $303.6 million, up from $297.56 million a year earlier. Cost of sales however, climbed to $230.59 million from $201.5 million reported a year earlier.
Looking ahead the firm said, the increasing production capacity of both chicken meat and grain crops will enable it to increase annual sales, particularly through the growth of export sales.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.