The group reported losses of 13 cents per share for the quarter. At core company level, it lost 52 million rupees.
Group revenues fell 20 percent to 2.58 billion rupees and expenses fell 21 percent to 2.4 billion rupees shrinking gross profits 3 percent to 150 million rupees in the quarter.
Cheng Chih Kwong, Primus said average selling price of chicken fell amid a glut in the market and feed sales also dropped due to intense competition.
Meanwhile the cost of local raw materials such as maize and rice polish had risen
Sri Lanka is one of the few remaining countries in the world that practices autarky and grain and cereal prices can go up when world prices fall, either due to weather or state controls.