GraceKennedy Group - Media Centre - GK Press
 

(Kingston, Jamaica; May 11, 2018) The GraceKennedy Group has recorded revenues for the first quarter of 2018 of $24.9 billion and net profit of $1.3 billion. The results show positive performance with increases of 5.1% on revenue and 14.9% on net profit over Q1 2017.

Event Will Bring Caribbean Diaspora Together “In Pursuit of a Better Tomorrow… Today”

KINGSTON, Jamaica; May 10, 2018 – As part of an ongoing commitment to the communities they serve, Western Union, a leader in cross-border, cross-currency money movement, and GraceKennedy Money Services (GKMS), Western Union’s Agent in many Caribbean markets, announced the 2018 Town Hall series will take place from May 17 to 19, in New York and South Florida. Under the theme “The Caribbean Diaspora: In Pursuit of a Better Tomorrow…Today,” this will be the sixth free diaspora community gathering the companies have hosted together.

First Global Bank’s latest mini branch was recently opened in Hopewell, Hanover, bringing to twelve the total number of locations across the island.

Dear Stockholder,

We ask that the following persons contact the Registrar at or 876-932-3160 OR or 876-932-3301.

GraceKennedy Foundation has announced that its  Scholarship Programme for the 2018/19 academic year, which opens May 1, will provide over $19 million in scholarships to university students.  

We wish to advise the public that we have received complaints from five of our customers about amould-like substance found in Capri Sun products, distributed in St. Lucia on our behalf by Massy Distributors and Massy Stores.

In line with the company-wide strategy to expand its digital network globally, Western Union, a leader in cross-border, cross-currency money movement, today announced that it will launch Western Union® digital money transfers in Jamaica. Westernunion.com/jm is expected to go live end-April, in alliance with GraceKennedy Money Services (GKMS), pioneering 24/7 online money transfer services in the Caribbean.

GraceKennedy Limited has announced that the Hon. Douglas Orane CD, JP, Hon. LLD will retire from the Board of Directors effective May 30,2018 having served as a member of the Board in various capacities since May 30, 1985.

GraceKennedy Limited has announced a furtherseven year sponsorship commitment to the ISSA/GraceKennedy Boys and Girls Championships, popularly known as “Champs”.  This was revealed on March 7 by Don Wehby, Group CEO of GraceKennedy Ltd at the launch of this year’s Champs held at the Spanish Court Hotel in Kingston.

GraceKennedy Limited invites you to participate in our Investor Briefing to discuss our 2017 year-end results on Thursday 8th March 2018. The briefing will take the form of anon-line audio conference from 2:30 to 3:10 p.m. Jamaica Time (-5 Greenwich Mean Time (GMT)). 

Grows net profit by $237 million to $4.8 billion  


GraceKennedy Limited on Thursday, March 1, 2018 released its 2017 Audited Financials which showed the Company reaching a milestone of $92.48 billion in revenue. This was supported by growth in both its Food and Financial segments, which were resilient in the face of a challenging year.

In light of the article "Merger likely: Globe Finance and Signia sign letter of intent" published in The Barbados Today on February 8, 2018, GraceKennedy Limited wishes to confirm that Signia Financial Group Inc is exploring a potential merger with Globe Finance Inc pursuant to a non-binding Letter of Intent signed by the company's respective shareholders. 

Traditionally known as ‘The Good Food People’, Grace Foods has always been at the centre of great experiences, especially where great food is paired with great music. This year, the heat will be turned up even more to ignite the spirit, delight the senses and bring people to their feet with the new campaign Flava with a Beat.

GK Investments Limited (GK Investments), a subsidiary of GraceKennedy Limited (GraceKennedy), has acquired a 33 1/3 % stake in Gray’s Pepper Products Limited, one of Jamaica’s largest processors of seasonings and sauces.  

As we begin the New Year, we take this opportunity to wish you all a peaceful, safe and prosperous 2018. 

Group CEO Don Wehby has announced senior management changes within the GraceKennedy Group, which will take effect on January 1, 2018:

On Monday, December 11, 2017 the Privy Council handed down its judgment on the matter of Paymaster Jamaica Limited’s claim against GraceKennedy Remittance Services Limited which was made by Paymaster in 2000.

GraceKennedy Ltd today handed over cheques totaling $1,325,000 million to schools which broke records in the 2016 and 2017 ISSA/GraceKennedy Boys and Girls Championships. The special incentive was announced in 2016 to boost the morale and further encourage excellence but was also granted in 2017 to mark GraceKennedy’s 95th anniversary and 10th year as sponsor.

GraceKennedy Ltd’s third quarter financial report was released on Thursday, November 9. The results showed positive performance in revenues, net profit and advances in three of the four business segments. For the nine month period ending September 30, the Group achieved revenues of $69.3 billion, up by $2.6 billion over the same period in 2016. An increase of $51.4 million resulted in net profit of $3.75 billion while shareholder equity moved to $44.4 billion from $42 billion in 2016.

The GraceKennedy Financial Group (GKFG) is creating greater convenience and access for Jamaicans with the launch of GK ONE on November 10, 2017 at State Mall located in Cross Roads, St. Andrew.  The initiative will serve as a ‘one-stop-shop’ and allow customers to conduct banking, insurance, bill payment, remittance, investment and cambio services at select locations island wide.