Home Tag "GraceKennedy Limited"

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 […]

Access Financial Services Recording 16% Increase In 2018 Q1 NPAT

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 […]

Bank Of Jamaica Designing New Reporting Forms To Capture Vital Information On The Extent Of Private-Sector Credit Being Provided To Micro, Small, And Medium-Sized Enterprises

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, […]

Bank Of Jamaica Designing New Reporting Forms To Capture Vital Information On The Extent Of Private-Sector Credit Being Provided To Micro, Small, And Medium-Sized Enterprises

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 […]

Bank Of Jamaica Designing New Reporting Forms To Capture Vital Information On The Extent Of Private-Sector Credit Being Provided To Micro, Small, And Medium-Sized Enterprises

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 […]

Access Financial Services Recording 16% Increase In 2018 Q1 NPAT

2017 Filled With Challenges And Opportunities As GraceKennedy Group Reaches Milestone Of JA$92 Billion In Revenue

Don Wehby, Group CEO for The GraceKennedy Group has described 2017 as one filled with challenges and opportunities, even as his team was focused and proactive in delivering on new initiatives, establishing new distribution channels, launching new products and executing financial inclusion strategies. Their resilience and diversity allowed them to withstand the pressures, maximise opportunities […]

Access Financial Services Recording 16% Increase In 2018 Q1 NPAT

Gracekennedy Group Confirms Merger Talks Between Signia Financial Group And Globe Finance Inc

GraceKennedy Group has confirmed by way of a notice to The Trinidad and Tobago Stock Exchange that Signia Financial Group Inc. is exploring a potential merger with Globe Finance Inc., this pursuant to a non-binding Letter of Intent signed by the company’s respective shareholders. GraceKennedy Group has a 40% interest in Signia Financial Group which […]

Bank Of Jamaica Designing New Reporting Forms To Capture Vital Information On The Extent Of Private-Sector Credit Being Provided To Micro, Small, And Medium-Sized Enterprises

Gray’s Pepper Products Sells 33.3 % Stake To GK Investments Limited

Gray’s Pepper Products Limited, one of Jamaica’s largest processors of seasonings and sauces has sold a 33.3 per cent stake in the company to GK Investments Limited, a subsidiary of GraceKennedy Limited. A family-owned and operated business, Gray’s Pepper has been led by Andrew Gray, the company’s Managing Director since 1995 and will continue in […]

Access Financial Services Recording 16% Increase In 2018 Q1 NPAT

Group CEO Don Wehby Announces Senior Management Changes Within The GraceKennedy Group

GraceKennedy Group CEO Don Wehby has announced senior management changes within the GraceKennedy Group, which will take effect on January 1, 2018: GraceKennedy Foods – Andrea Coy will be appointed as CEO of GK Foods International Business a position previously held by Ryan Mack. GraceKennedy’s manufacturing and distribution operations in the USA, Canada and the […]

Bank Of Jamaica Designing New Reporting Forms To Capture Vital Information On The Extent Of Private-Sector Credit Being Provided To Micro, Small, And Medium-Sized Enterprises

Businessuite #1 Jamaica Ranked Public Company for 2017 – Main Market – GraceKennedy Limited

Nat Rank Nat Rank Carib Rank LC$000 US$000 LC$000 US$000 2017 2016 2017 Company 2016/17 2016/17 2015/16 2015/16 1 1 4 GraceKennedy Limited $88,267,589 $687,226 $79,742,230 $663,192 Stock Exchange: Jamaica Stock Exchange Main Market Company: GraceKennedy Limited 2017 Rank: #1 2016 Rank: #1 Chairman: Gordon V. Shirley, OJ Group Chief Executive Officer: Donald G. Wehby […]

Access Financial Services Recording 16% Increase In 2018 Q1 NPAT