Salada Foods Engages Younger Demographic With Jamaica Mountain Peak Flovoured Coffees
Salada Foods Jamaica is reporting a 7.62 per cent increase in operating profits for the financial year ending September 2017.
Reporting in their just released audited financial report to shareholders Chairman Patrick Williams indicated that group operating profit was $80M, which compares favourable to 2016 results of $74.81M
Net profits was however down slightly at $68.7M compared to $68.9M, which Mr. Williams said was negatively impacted from write downs totaling $55.19M attributable to the Pimora Company pension windup, assets held for sale and obsolete stocks.
Salada Foods however generated record turnover of $872M a $110M improvement on the $762 reported for 2016.
Mr. Williams indicated that marketing strategies employed to engage a younger demographic were successful and was in keeping with strategies to launch new products such as Jamaica Mountain Peak flovoured coffees geared towards this demographic.BM
To view Salada Foods Jamaica Limited Audited Financial Statements as at September 30, 2017 click HERE