Cerebos Pacific posts 20% fall in 4Q net profit to $34.1m

Cerebos Pacific, the manufacturer of Brand’s Essence of Chicken, has posted a 20% fall in net profit to $34.1 million for 4QFY2011 compared to the same period a year earlier.

Turnover was up just 2% at $276.8 million. Sales were adversely affected by distribution disruptions as a result of the widespread flooding in Thailand, the Group’s largest market and also by the continued impact from the Taiwan nationwide food contamination scare.

The Board of Directors is recommending a first and final dividend of 6.0 cents per share and a bonus dividend of 19.0 cents per share.