Based on an advisory by its Brazilian corned beef supplier, Grace Foods USA has joined in the voluntary Class II recall of two batches of canned Corned Beef, which were produced for the USA market by that supplier.
As it anticipates a rebound in local and international markets in which it operates, the GraceKennedy Group is positioning itself to take advantage of new business opportunities and innovations.
The Board of Directors of GraceKennedy Limited has approved a new policy for payment of dividends. Under the new policy the company will increase dividend payments to a minimum of 15% of Net Profit Attributable to Stockholders, up from a minimum of 10%. The decision was also taken to increase the frequency of dividend payments from two to three times yearly.
To listen to audio from GraceKennedy's Investor Briefing, held on May 17, 2010, click on the link below.
GraceKennedy three month interim financial report for the period January to March 2010 is available for download.
The Supreme Court has ruled in favour of GraceKennedy Remittance Services Limited (“GKRS”) and software developer, Paul Lowe, in the suit brought against them by Paymaster Limited (“Paymaster”).