In releasing its results for the six months ended June 30, 2019, the GraceKennedy Group is announcing that Q2 revenue and profits were ahead of the corresponding period for prior year by 9% and 10% respectively. Profit before other income for the six month period was J$1.65 billion, 15.1% or J$217.1 million higher than that of the corresponding period in 2018, indicating improved operating performance. The GraceKennedy Group recorded increased revenues of J$51.49 billion, an increase of 6.5% or J$3.12 billion over the corresponding period of 2018. Net profit after tax for the period was J$2.27 billion, representing a decline of 7.3% or J$179.2 million over the corresponding period of 2018. Net profit attributable to stockholders was J$2.01 billion, 6.6%, J$142.2 million lower than that of the corresponding period of 2018. Earnings per stock unit for the period was J$2.03.
GraceKennedy Limited (GKL) will host four university students from the USA, UK and Canada for a five-week professional and cultural internship in Jamaica from June 28 to August 7, 2019.
Kingston, Jamaica, March 25 – Following a letter dated March 22,2019 to the President of the Inter-Secondary Schools Sports Association (ISSA), and a subsequent follow up meeting with senior officials of the organizing body this morning, GraceKennedy Group CEO, Don Wehby is releasing a statement on the recent alleged incident involving students and a teacher at Calabar High School.
In continuing to support the GraceKennedy Group’s philanthropic mandate by creating environmentally sustainable programmes, promoting healthy lifestyles and increasing access to education, the GraceKennedy Foundation will be staging its 31st annual public lecture, this year entitled, “Clean Kingston Harbour - Pipe Dream or Pot of Gold” at Jamaica Pegasus Hotel on April 3 starting at 5pm.
GraceKennedy Group Reports $5.1 billion Increase in Revenue, Reaching $97.5 billion, and $871 million or 18% Increase in Profits for 2018 (over prior year)
In a year which saw the strategic restructuring of its operations and the review of its organizational design, cost structure and business processes, the GraceKennedy Group is reporting 2018 revenues of J$97.54 billion, representing a J$5.07 billion or 5.5% increase over the prior year. Net profit for 2018 was J$5.64 billion, an 18.3% or J$871.5 million increase over 2017.
GraceKennedy Limited has advised that its Board of Directors has approved a new policy for payment of dividends.
Long serving household workers, Rosemarie Forrester and Michael Brown, were declared Champion Female and Male respectively of the GraceKennedy Heather Little-White Household Worker of the Year 2018 Award Programme. The winners were announced at a presentation ceremony held atJamaica Pegasus Hotel on December 18.
[MIAMI, FLORIDA - DECEMBER 6, 2018] Grace Foods (USA), Inc. (Grace Foods), a company owned by GraceKennedy Limited (GKL), a publicly traded Jamaican corporation listed on the Jamaica and Trinidad Stock Exchanges, has announced that it will acquire a 49% equity stake in a new Joint Venture company, Majesty Foods LLC (Majesty Foods).
Majesty Foods is a Florida-based manufacturer of patty and empanada products. The range of Majesty’s product portfolio is marketed under its own brands “Patty King” and “Latin Delights” as well as under other third-party brands. The company has extensive and valuable co-packing relationships with leading USA companies and its products are sold through multiple retailers in the USA including Whole Foods and Publix. Majesty Foods also sells to leading food services distributors including Sysco, Cheney Brothers and Jetro/Restaurant Depot.
GraceKennedy Limited invites you to participate in our Investor Briefing to discuss our 2018 third quarter results on Thursday 15th November 2018. The briefing will take the form of an on-line audio conference from 2:30 to 3:10 p.m. Jamaica Time (-5 Greenwich Mean Time (GMT)).
You will be able to access the briefing via a live Internet stream by logging in on Thursday 15th November 2018 and clicking on the link below:
Declares profits of 3.7B for the first nine months
GraceKennedy Limited released its third quarter financial report on November 8, 2018. For the nine-month period ending September 30, the Company achieved revenues of $73.8 billion, up by $4.5 billion over the same period in 2017. The Company achievednet profit of $3.71 billion which, when adjusted for non-recurring gains in 2017, represents a $415 million increase over the prior period. Shareholders’ equity moved to $48.4 billion - an increase of $3.2 billion over the same period in 2017.
GraceKennedy Foundation has added a service component to its scholarship programme that is aimed at contributing to Jamaica’s development. This was announced by Senator Don Wehby, Group CEO, GraceKennedy Limited (GKL), who addressed the Foundation’s Scholars Awards Ceremony held at The University of the West Indies (UWI) Mona Campus, on October 18, 2018.
Public being invited to submit nominations October 1 to November 7
For the fifth successive year, GraceKennedy Limited (GKL), in association with the Jamaica Household Workers’ Union (JHWU), will honour household workers for their outstanding performance, through the staging of the GraceKennedy/Heather Little-White Household Workers Awards.