Keells Food in Sri Lanka impacted by rising meat price

40

Sri Lankan meat processor, Keells Food Products reported lower sales margins with increasing cost of pork and poultry. They reported sales of USD 4.4 million in the April-June quarter, up 31% over 2020, but the cost of sales advanced by 35%, lowering gross margin by 24.1% from a year ago. Escalating...

Sign in  as a member, or Join our Community  for free to unlock the full article.

Zahrah Imtiaz
Managing Editor, based in Colombo, Sri Lanka.