Pilgrim's Pride returning to profitability

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PITTSBURG, TEXAS — For the first two months of its fiscal third quarter, Pilgrim’s Pride Corp. has reported a profit while being under bankruptcy protection.

For the two months ended May 23, the company posted a profit of $30,663,365, which breaks down to an income of $16,741,881 in May and $13,921,485 in April.

Net revenue for the two months was $1,041,471,180.

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