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#1 GraceKennedy Limited Businessuite 2019 Top Jamaica Main Market Company by US$ Revenue

GraceKennedy Limited is a publicly listed company on the Stock Exchanges of Jamaica and the Republic of Trinidad & Tobago. The Company was founded on 14 February 1922, and is the parent company of a Group of subsidiaries operating mainly in the Food and Financial Services industries. The Group’s operations are structured into two Divisions: […]

#1 Dianna Blake-Bennett General Manager Salada Foods Jamaica Limited Businessuite 2019 Top Jamaica Main Market CEO By US$ % Change in Profit after Tax

GraceKennedy Opens US$5M Grace/La Fe Facility in New Jersey

The GraceKennedy Group took another step towards realising its  vision of becoming a Global Consumer Group on Monday, October 7, when it officially opened its brand new Grace/La Fe facility in Woodbridge, New Jersey. The facility, which cost the company some US$5M, will drive increased operating facilities and reduce costs, while having the teams centrally […]

Huawei Announces Q3 2019 Business Results

GraceKennedy Group Reports Increased Revenues of J$51.5 Billion, $3.1 Billion Increase over Corresponding Prior Year Period

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 […]

Paramount Trading Jamaica Reporting Improved Q1 Performance With Net Profit Before Taxes Of $17M Increasing By $8M Or 92%.

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 […]

Paramount Trading Jamaica Reporting Improved Q1 Performance With Net Profit Before Taxes Of $17M Increasing By $8M Or 92%.

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 Economic Review 2018-2019

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 […]

Paramount Trading Jamaica Reporting Improved Q1 Performance With Net Profit Before Taxes Of $17M Increasing By $8M Or 92%.

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 […]

Paramount Trading Jamaica Reporting Improved Q1 Performance With Net Profit Before Taxes Of $17M Increasing By $8M Or 92%.

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 Economic Review 2018-2019

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 Economic Review 2018-2019

“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 […]

Paramount Trading Jamaica Reporting Improved Q1 Performance With Net Profit Before Taxes Of $17M Increasing By $8M Or 92%.