Listed company Sweet River Abattoir and Supplies continues to operate at a loss - the company recorded a net loss of $1.6 million for the quarter ending June.
It was a reduction from the $7.1 million loss recorded during the same quarter last year.
Sweet River Abattoir says despite a 70 per cent reduction in sales, its expenses were down 38 per cent.
Revenue for the quarter came from slaughtering fees and inventory sales.
The company has taken break from procuring pigs while organising and recapitalising the business.
Sweet River says it expects to return soon to its core business of procurement of pigs and the sale of fresh cuts to processors, hotels, restaurants and wholesalers.
The company hopes to complete the reorganisation to capitalise on the winter tourist season.
Ordered to pay pig farmers
Meanwhile, on Wednesday, the St. Elizabeth Parish Court ruled that Sweet River Abattoir and its former managing director, Valdez Gifford, pay more than $1.35 million to pig farmers.
The company was sued by several pig farmers in St. Elizabeth over the non-payment of money owed for pigs delivered over two years ago.
The court heard from three farmers who said they are yet to receive payments, despite several attempts to collect.
In the judgement handed down, the court ordered that Mr. Gifford make payments in two tranches to the farmers.
The company has announced that it is in divestment mode following its losses.
All feeds
