Home Tag "GraceKennedy Limited"

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 […]

GWest Corporation Directors Assuring Shareholders And Investors That They Are Confident That The Company Will Continue As A Going Concern

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 […]

GWest Corporation Directors Assuring Shareholders And Investors That They Are Confident That The Company Will Continue As A Going Concern

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 […]

GWest Corporation Directors Assuring Shareholders And Investors That They Are Confident That The Company Will Continue As A Going Concern

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 Welcomes Two Million Visitors For The First Half Of 2019, Earning US$2 Billion In Revenues.

“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 […]

GWest Corporation Directors Assuring Shareholders And Investors That They Are Confident That The Company Will Continue As A Going Concern

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 […]

GWest Corporation Directors Assuring Shareholders And Investors That They Are Confident That The Company Will Continue As A Going Concern

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 Welcomes Two Million Visitors For The First Half Of 2019, Earning US$2 Billion In Revenues.

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 […]

GWest Corporation Directors Assuring Shareholders And Investors That They Are Confident That The Company Will Continue As A Going Concern

Gracekennedy To Acquire 35% Stake In Catherine’s Peak Bottled Pure Spring Water Business

GraceKennedy announced its intention to acquire a 35% share in Catherine’s Peak bottled pure spring water business, subject to the satisfactory completion of due diligence. This transaction forms part of GraceKennedy’s strategic growth initiative to expand the Group’s healthy product alternatives portfolio, while acquiring top Jamaican brands with broad consumer appeal capable of growing both […]

Jamaica Welcomes Two Million Visitors For The First Half Of 2019, Earning US$2 Billion In Revenues.

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, […]

Jamaica Welcomes Two Million Visitors For The First Half Of 2019, Earning US$2 Billion In Revenues.