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Pilgrim's Pride reports $50.73 million December net profit
By Caroline Salls
Pittsburgh, Feb. 3 - Pilgrim's Pride Corp. reported a $50.73 million net profit for the period of Dec. 1 to Dec. 27 on $500.96 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Texas.
The company had $23.27 million in cash as of Dec. 27.
Pilgrim's Pride, a Pittsburg, Texas-based poultry processor, filed for bankruptcy on Dec. 1 in the U.S. Bankruptcy Court for the Northern District of Texas. Its Chapter 11 case number is 08-45664.
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