Home Tag "Jamaican Teas Limited"

Jamaican Teas Reporting Sharp Fall In Revenues, Even Though They Had A Very Successful Third Quarter – Mahfood

-30- John Mahfood, Managing Director for Jamaican Teas (JTL), is reporting a sharp fall in revenues, even though they had a very successful third quarter. This he says reflects a negative development for the Group, arising from a decision to dispose of 100% of the supermarket previously owned by JRG Shoppers Delite to an associated […]

JMMB Group Net Profit Up by 17%

Jamaican Teas Completed A Successful 2018 Financial Year – Mahfood

The Directors of Jamaican Teas is reporting that the company completed a successful 2018 financial year in which Total Comprehensive Income increased 25 percent from $192 million last year to $240 million in the year just ended. This as revenues increased 14 percent to almost $1.8 billion from $1.5 billion last year. Manufacturing operations realized […]

JMMB Group Net Profit Up by 17%

Tea Exports Continue To Grow And Running Ahead Of Planned Levels – Mahfood

John Mahfood, Chief Executive Officer for Jamaican Teas Limited, manufacturer of the Tetley and Caribbean Dreams branded teas, is reporting that tea exports have continued to grow since the financial year end, running ahead of planned levels. Based on the progress achieved in the first quarter and early January, coupled with internal projections for the […]

JMMB Group Net Profit Up by 17%

Iberia Foods Company of New York Acquires 1.2% Stake In Jamaica Teas – Mahfood

John Mahfood, President and CEO of Jamaica Teas Limited, has indicated as part of his notes to shareholders, that during the June quarter one of the groups distributors in the United States of America, Iberia Foods Company of New York Inc., purchased over 8.7 million shares, equating to 1.28% of the company, the move he […]

Government Of Jamaica Moving Rapidly To Complete The Data Protection Bill

Jamaica Teas Reporting EPS of 9 cents (JA$) From Continuing Operations – Mahfood

John Mahfood, President and CEO of Jamaica Teas Limited has indicated to shareholders that for the rest of the current financial year and into 2018 their focus will be on new products and the construction of an apartment complex in Kingston by end of 2018. Recently acquired KIW International he said, will transition from a […]

JMMB Group Net Profit Up by 17%

KIW International Will Transition to Investment Company, Taking Advantage of Investment Opportunities Locally and Overseas – Mahfood

John Mahfood, President and CEO of Jamaica Teas Limited has indicated to shareholders that for the rest of the current financial year and into 2018 their focus will be on new products and the construction of an apartment complex in Kingston by end of 2018. Recently acquired KIW International he said, will transition from a […]

Government Of Jamaica Moving Rapidly To Complete The Data Protection Bill

Jamaican Teas Shareholders Approve 2 For 1 Stock Split

The Board of Directors of Jamaican Teas Limited received shareholder approval at their Annual General Meeting held at the Courtyard Marriott hotel in Kingston last week, for a 2 for 1 stock split and an increase in the authorised share capital of the company. The authorized shares in the company have now been increased to […]

Government Of Jamaica Moving Rapidly To Complete The Data Protection Bill

Jamaican Teas And Jetcon Approve Payment Of Dividends To Shareholders

The Board of Directors of natural tea distributor, Jamaican Teas and used car dealer, Jetcon have both approved the payment of dividends to shareholders and have recommended a stock split. This recommendation is to be brought to shareholders of both companies at the respective Annual General Meetings to be held later this year. According to […]

Government Of Jamaica Moving Rapidly To Complete The Data Protection Bill

Market Bullish On Jamaican Teas Ahead of Stock Split Consideration By Board

Jamaican Teas Limited (JAMT) has advised that the Board of Directors will be considering a stock split at the next scheduled Board Meeting to be held on February 9, 2017. The stock traded up 18% or $1.00 on volumes of 2,000 units to close at $6.50 on the Jamaica Stock Exchange Junior Market today.

Government Of Jamaica Moving Rapidly To Complete The Data Protection Bill