Home Tag "GraceKennedy Limited"

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 […]

3 New Starbucks Locations To Generate Substantial Revenues For Express Catering -Dear

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 […]

Eppley Acquires Fortress Caribbean Property Fund

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 […]

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

Peter Moses Now Chairman of FGB as Douglas Orane Retires

Kingston, Jamaica September 20, 2017] GraceKennedy Limited has announced the retirement of Mr Douglas Orane from the Board of Directors of its subsidiary First Global Bank Ltd. after serving as its Chairman from April 2001. This became effective on September 19. Mr Orane had indicated to Don Wehby, Group CEO, his intention to step down […]

Eppley Acquires Fortress Caribbean Property Fund

GraceKennedy Reporting 5.1% Increase In Revenue and 19.1% Reduction In Net Profit For Q2 2017

The GraceKennedy Group has released its Second Quarter 2017 results, reporting J$46.4 billion in revenues, an increase of $2.3 billion or 5.1% over the corresponding period of 2016. This was driven by growth in both its Food Trading and Financial segments. Profitability for the quarter was ahead of plan, with net profit for the period […]

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

There Needs to Be More Jamaican Producers Getting Better at Tapping into External Markets, For Economic Growth to Be Sustained – Wehby

Chairman of Jamaica Promotions Corporation (JAMPRO), Senator Don Wehby, says there needs to be more exports and Jamaican producers getting better at tapping into external markets, for economic growth to be sustained. Wehby, who is also Chief Executive Officer (CEO) of the GraceKennedy Group, adds that JAMPRO is in two years of an export strategy […]

Eppley Acquires Fortress Caribbean Property Fund

Athol Smith Selling His Local Procter and Gamble Distribution Company, Consumer Brands, To GraceKennedy

Athol Smith, Managing Director of Consumer Brands Limited, a large player in the Jamaican distribution market has agreed to sell his privately held distribution company to the GraceKennedy Group. Under the deal announced last week Consumer Brands will become a subsidiary of the GraceKennedy Group under GraceKennedy Foods. Athol Smith will remain with the company as an […]

Eppley Acquires Fortress Caribbean Property Fund

Gracekennedy Is Deepening Relationships With Jamaican Farmers, Developing New Initiatives, Absorbing Supplies, Incentivize Productivity, And Promote Employment Opportunities – Wehby

GK Foods & Services Limited, a subsidiary of GraceKennedy Limited, will be opening its sixth manufacturing plant in Jamaica next year. The new facility will produce a range of conveniently portioned and packaged locally grown fruits and vegetables primarily for export markets. The 60,000 square foot facility, which is situated in Denbigh, Clarendon, contains a […]

Eppley Acquires Fortress Caribbean Property Fund

GraceKennedy’s EPS for the Quarter Lower at J$1.02 versus $1.50 At the End of Q1 2016.

GraceKennedy’s share price increased by 6.1% for the first three months of 2017 as the Board of Directors approved an interim dividend of 30 cents per stock unit to be paid today May 18, 2017. This is a 15% increase over last year’s first interim dividend of 26 cents. Earnings per stock for the quarter […]

Eppley Acquires Fortress Caribbean Property Fund

New Developments In GraceKennedy’s Food And Financial Segments Driving Increases In Revenue To JA$23.7 Billion In Quarter’s Results.

GraceKennedy Group CEO Don Wehby is crediting an increase in revenue of $1.6 billion to $23.7 billion, in their most recent quarter’s results, to new developments in both their food and financial segments. He noted that revenue grew for the food trading segment over Q1 2016 driven by higher sales from the Jamaican foods distribution, […]

Eppley Acquires Fortress Caribbean Property Fund