Solio reported a 39 per cent improvement in profits after taking a beating last year on its ownership of Olymel and a drastic reduction in hog production and processing in Quebec.
“The effects of our recovery plan are accelerating,” said Pascal Houle, chief executive officer.
“We’ve strengthened our financial position, boosted operational performance and improved our profitability, … but we can’t let our guard down," he said.
It had net earnings of nearly $197 million.
It had higher chilled pork sales thanks to higher demand in domestic, and Asian markets contributed to the improved results.
But Olymel’s turkey division had lower sales.
