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GraceKennedy CEO Don Wehby Announces Senior Management Changes

As the Company continues to streamline its structure in alignment with its 100th Anniversary objectives, GraceKennedy Group CEO Don Wehby is announcing changes at the Senior Management level, which will take effect on April 1, 2019. The changes form part of an ongoing transformation process announced by the company in August of last year. GK […]

Paramount Trading Revenue Continues To Reflect Growth, Net Profits However Declining

Paramount Trading (Jamaica) Limited is reporting that revenue continues to reflect growth in the last 6 months, recording sales for the six-month period of JA$697.3M versus $687.2M in the corresponding period last year, reflecting an increase of $10.1m or 1.5%. In his report to stockholders for the six months ended November 30, 2018, Hugh Graham, […]

Knutsford Express Implements Growth Strategies Aimed At Diversifying Income Stream

Oliver Townsend Managing Director of Knutsford Express Services Limited is reporting that a year after the opening of the Sangster International Airport depot, passenger ridership continues to grow, this as the company closed the second quarter of 2018 with revenues increasing by 26% up to $262 Million from $208 Million in 2017. Commenting in the […]

Jamaica’s Pattern Of Studying, Consulting, Re-Consulting And Updating Its Studies, Have Impeded The Country’s Own Progress.

“To our mind, the country (Jamaica) has a stable and encouraging macro-economic framework, the building blocks of which were established in the previous Administration and which have been carried through during the current Administration. It is worth repeating that the predictability of a low inflation rate, the relative stability of the exchange rate, the progressive […]

Indies Pharma Jamaica Reporting Marginal Improvement In Revenues But Lower Net Profit After Tax For 2018

Indies Pharma Jamaica Limited is reporting revenues of JA$636.1 Million for the financial year ended October 2018, a marginal improvement on the 620.3M reported for 2017. Net profit after tax was however lower at JA$119.7 Million compared to the JA$140.2 Million for 2017, which also included a provision of JA$2.9M, been profits on the disposal […]

Caribbean Cream Reporting 16% Jump In Revenues Due To Improved Product Availability And Price Increases

Caribbean Cream Limited, is reporting in their just released unaudited financial results for the nine months ended November 30, 2018, revenues of JA$1,148 million, an increase of 16% or $155 million over the same period last year. Commenting on the results CEO and Director Christopher Clarke reported that the results were due to improved product […]

Stewart’s Automotive Group New US$13M Showroom To Incorporate Space For Business Process Outsourcing (BPO) Operations.

Stewart’s Automotive Group has broken ground for their new showroom on Arthur Wint Drive in St. Andrew and is projected for overall completion in September 2019. And according to Director of the Stewart’s Automotive Group, Duncan Stewart, the New Showroom will incorporate and create space for Business Process Outsourcing (BPO) operations. The US$13-million investment made […]

138 Student Living Jamaica Exploring Expansion Opportunity In St. Kitts As It Reports A Very Challenging 2018

Chairman of 138 Student Living Jamaica Limited Richard Byles is describing the financial year ended September 30, 2018, as in many respects, a very challenging year for 138 Student Living Jamaica (138SL) and its subsidiary 138SL Restoration Limited (138SLR). The Group recorded a loss after taxation of JA$16.25M; disaggregated as a net profit of $33.20M […]

Five Networks – Gastronomy, Sports & Entertainment, Health & Wellness, Shopping, & The Knowledge Economy, Diversifying Jamaica’s Tourism Offerings And Creating Business Opportunities

Director of the Tourism Linkages Network, Carolyn McDonald-Riley, has emphasised the importance of the five networks in further diversifying the country’s tourism offerings and creating business opportunities among various sectors. The five networks – Gastronomy, Sports and Entertainment, Health and Wellness, Shopping, and the Knowledge economy – which were officially launched in December 2016 as […]

Blue Mountain Coffee Festival Set For March 2019

The second annual Jamaica Blue Mountain Coffee Festival will be launched at a press conference on January 14. The three-day event, which showcases the rich tradition of coffee production in the Blue Mountain region, was launched last year and featured Blue Mountain coffee, coffee-related products, food stalls, tastings, demonstrations and workshops. Held at Newcastle in […]