Jamaica Broilers Group fired its entire US management team last week because of poor expense management and consequential net losses recorded.
The move was also aimed at restoring the confidence of vendors and stakeholders.
It resulted in a 10% dip in the company's stock price and a J$3.5 billion tumble in its market capitalisation.
The company recorded a net loss of $1.06 billion after tax on revenues of J$24.65 billion during the third quarter from October to December 2024, compared with a net profit $1.3 billion during the corresponding period of the previous year.
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