USA Monthly Economic Review- August 2019
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SRA reports first quarter net loss of $1.56 million
Date: September 20, 2019 Revenue for the period decreased by 70%, amounting to $22.85 million in 2019 relative to $77.06 million in the same of last year. Management noted that, “this decrease was due to mainly the unavailability of pigs on the market; this shortfall in supply was however partially supplemented by revenue from slaughter service to third parties.” SRA mentioned that, “our revenue for the quarter came from slaughtering fees and inventory sales. This is so as we have taken a temporary break from procuring pigs whilst we organize and recapitalize the business. We anticipate that, in short order