Home Tag "don wehby"

GraceKennedy Recorded Increased Revenues Of J$25.9 Billion For Three Months Ended March 2019 Representing A 4.1% Or J$1 Billion Over 2018.

In releasing its results for the three months ended March 31, 2019, the GraceKennedy Group is announcing that while Group performance was ahead of plan, profit for the quarter was below the corresponding period of the prior year. The Group recorded increased revenues of J$25.9 billion, representing a 4.1% or J$1 billion increase over the […]

Seprod Group Reporting An Increase Of J$4.09B Or 83% In Revenues To J$9.04B For Q1 2019 As Group Suffered A J$150M Loss In Sugar Operation.

Sean Scott Heads Canopy Insurance, As GraceKennedy Musson Partner To Enter Group Insurance Market

GraceKennedy and the Musson Group today officially announced a partnership that will see the two companies collaborating to enter the group health and life insurance market under the name Canopy Insurance Limited. Don Wehby is the Chairman of the new entity, while both GraceKennedy and Musson will split Board seats and ownership of the venture […]

Jamaica Reporting A Record Two Million Visitors For The First Five Months Of 2019.

For 2018 GraceKennedy Was Focused On Investing In Growth Areas And Brands, Putting In The Infrastructure Needed For Cross Selling Between Businesses, Accelerating The Introduction Of Digital Products And Channels And Executing A Financial Inclusion Strategy.

The GraceKennedy Group is reporting that the financial year 2018 continues to be a multi-year transformational journey leading up to their 100th anniversary in 2022. Group Revenue for 2018 was J$97.54 billion, representing an increase of J$5.07 billion or 5.5% over 2017 J$92.48 billion. Group Chief Executive Officer Don Wehby in his shareholder’s report indicated […]

Seprod Group Reporting An Increase Of J$4.09B Or 83% In Revenues To J$9.04B For Q1 2019 As Group Suffered A J$150M Loss In Sugar Operation.

GraceKennedy Group Reports JA$5.1B Increase in Revenue, Reaching JA$97.5B, and JA$871M 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 […]

Seprod Group Reporting An Increase Of J$4.09B Or 83% In Revenues To J$9.04B For Q1 2019 As Group Suffered A J$150M Loss In Sugar Operation.

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 […]

Jamaica Reporting A Record Two Million Visitors For The First Five Months Of 2019.

GraceKennedy Foods USA to Consolidate with Majesty Foods Factory for Joint Venture

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 […]

Jamaica Reporting A Record Two Million Visitors For The First Five Months Of 2019.

“GraceKennedy Satisfied With Q3 Financial Results, However Still Have Work To Do To Ensure That We Maximize Shareholder Value.” Wehby

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 achieved net profit of $3.71 billion which, when adjusted for non-recurring gains in 2017, represents a $415 […]

Seprod Group Reporting An Increase Of J$4.09B Or 83% In Revenues To J$9.04B For Q1 2019 As Group Suffered A J$150M Loss In Sugar Operation.

GraceKennedy Associated Company in Barbados, Signia Financial Group Inc. Acquires Globe Finance Inc.

GraceKennedy Limited (GKL) has announced that one of its associated companies in Barbados, Signia Financial Group Inc., has acquired Globe Finance Inc. The transaction is estimated to cost a total of BBD11.8 million and will result in the formation of the amalgamated company, which will be known as SigniaGlobe Financial Group Inc. GKL currently holds […]

Seprod Group Reporting An Increase Of J$4.09B Or 83% In Revenues To J$9.04B For Q1 2019 As Group Suffered A J$150M Loss In Sugar Operation.

Agent Banking We Knew Was Going To Be “Blue Ocean” Territory

When we started the journey in 2017 to deliver Agent Banking, we knew it was going to be “blue ocean” territory, but we knew we had the right people, brand, products and services to credibly deliver this new innovation to communities across Jamaica. FINANCIAL INCLUSION: Agent Banking is another innovation from the GK Group as […]

Jamaica Reporting A Record Two Million Visitors For The First Five Months Of 2019.

GraceKennedy Delivers 12% Growth in Net Profit – Revenues Up $2 Billion For First Half Of 2018

In releasing its Interim Stockholders’ Report for the Second Quarter ended June 2018, the Board of GraceKennedy Limited is reporting revenues of J$48.4 billion, an increase of 4.3% or $2 billion over the corresponding period of 2017. This was driven largely by growth in its Food Trading and Insurance segments. Net profit for the period […]

Seprod Group Reporting An Increase Of J$4.09B Or 83% In Revenues To J$9.04B For Q1 2019 As Group Suffered A J$150M Loss In Sugar Operation.