date:May 09, 2012
US-based food company Tyson Foods reported that its net income for the second quarter of fiscal 2012 increased 4% to $166m, compared to $159m the previous year, as weak performance of its beef business was offset by strong growth across its other businesses.
Sales increased 3% to $8.3bn, compared to $8bn the previous year.
The company, which sells beef, pork, chicken and prepared foods, implemented higher pricing actions to overcome feed prices and maintain profit margins, which led to 4.3% decl