Home Tag "don wehby"

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 […]

Angostura Holdings Limited Reporting Increased Profit After Tax Of TT$18.8M Or 16.9% For The Fiscal Year 2018

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 […]

itelbpo Expanding Its Operation in Kingston

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 […]

itelbpo Expanding Its Operation in Kingston

“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 […]

Angostura Holdings Limited Reporting Increased Profit After Tax Of TT$18.8M Or 16.9% For The Fiscal Year 2018

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 […]

Angostura Holdings Limited Reporting Increased Profit After Tax Of TT$18.8M Or 16.9% For The Fiscal Year 2018

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 […]

itelbpo Expanding Its Operation in Kingston

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 […]

Angostura Holdings Limited Reporting Increased Profit After Tax Of TT$18.8M Or 16.9% For The Fiscal Year 2018

Gracekennedy Heads Into A Multi-Year Transformational Journey

As GraceKennedy Limited heads into its 100th birthday in 2022, it has announced a round of restructuring activities starting July 2018. This restructuring is one of the strategic steps that the business will be taking, as it embarks on a multi-year transformational journey, aimed at optimizing the Group’s structure for improved performance and shareholder value, […]

itelbpo Expanding Its Operation in Kingston

Gracekennedy Must Be Forward-Looking To Achieve An Agile, Efficient And High-Performing Structure In Order To Remain Innovative And Successful In The Global Market Place – Wehby

At GraceKennedy Ltd.’s Annual General Meeting, held on Wednesday, May 30 at the Company’s Harbour Street, Kingston Headquarters; Don Wehby, Group CEO, signalled to shareholders some of the strategic plans for the Company in the lead up to its 100th year anniversary in 2022. “GraceKennedy maintains that in order to remain innovative and successful in […]

itelbpo Expanding Its Operation in Kingston

GraceKennedy posts positive Q1 results with net profit up 14.9% – Revenue increased to $24.9B

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 2018. Don Wehby, Group CEO, expressed satisfaction with the Group’s results, noting that the company has […]

Angostura Holdings Limited Reporting Increased Profit After Tax Of TT$18.8M Or 16.9% For The Fiscal Year 2018