Home Tag "Wisynco Group Limited"

Wisynco Group To Take a JA$1B Hit in Revenue and JA$74M in Net Income From Proposed Ban On Styrofoam

Wisynco Group Limited (WISYNCO) is reporting that it will cost the company around JA$1B in revenue, representing 4% of the company’s revenue and approximately JA$74M in net income, representing 3% of the company’s net income, arising from the proposed ban on Styrofoam for local manufacturers, set to take effect on January 1, 2020. This based […]

Jamaica Broilers Group’s Improved Financial Results For October 2018 Quarter Attributed To Increased Poultry Sales And Enhanced Inventory Management

Wisynco Group Adds Rum and Sugar in 5 year exclusive distribution agreement with Worthy Park Estate

The Wisynco Group Limited (WISYNCO) has negotiated a five (5) year exclusive distribution agreement with Worthy Park Estate (WPEL) for the distribution of WPEL’s spirits and sugar, WISYNCO advised. The announcement, which was published on the website of the Jamaica stock exchange, did not state if the agreement was only for the Jamaican market or […]

GraceKennedy Foods USA to Consolidate with Majesty Foods Factory for Joint Venture

Wisynco Group Reporting Improved EPS Of 16 Cents For The December 2017 Quarter

The Directors of the Wisynco Group Limited have released their unaudited financial results for the second quarter ended December 31, 2017, reporting revenues of JA$6.14 billion, an increase of 14.5% over the JA$5.36 billion achieved in the corresponding quarter of the previous year. Andrew Mahfood, Chief Executive Officer of the company, in his comments to […]

Jamaica Broilers Group’s Improved Financial Results For October 2018 Quarter Attributed To Increased Poultry Sales And Enhanced Inventory Management

Wisynco Implements 3% Price Reduction On Imported Products Due To Revaluation Of Jamaican Dollar

Wisynco Group Limited has implemented a 3% price reduction for the majority of its imported portfolio of products due to the revaluation of the Jamaican Dollar to its US counterpart. WISYNCO commenced distribution of the Unilever Portfolio of food products throughout the island. The portfolio includes: Red Rose Tea, Lipton Tea, Knorr, Ben & Jerry’s, […]

GraceKennedy Foods USA to Consolidate with Majesty Foods Factory for Joint Venture

Wisynco’s Listing Adds New Investors To The Market And Growth In Terms Of Wealth Creation – Street Forrest

Photo Caption: Andrew Mahfood, CEO at Wisynco Group Limited affixes his company’s name on the board of companies listed on the Jamaica Stock Exchange (JSE). Wisynco joined the ranks on Thursday after enlisting with the largest Initial Public Offering in JSE history, accounting for close to $19 billion in equity capital. Also in the moment […]

GraceKennedy Foods USA to Consolidate with Majesty Foods Factory for Joint Venture

Happy To Have Gone Public And Allowed Others Including Employees To Buy Into Company – Mahfood

(L-R) Najah Peterkin, Manager, Regional Customer Experience and Channels, NCB Capital Markets (NCBCM) shares lens with William Mahfood, Chairman, Wisynco Group Limited; Kerry-Ann Spencer Assistant Vice President, Wealth Management, NCBCM and Tracy-Ann Spence Vice President of Investments, NCBCM. Standing as the 95th company to have securities on the local market, WISYNCO Chairman William Mahfood said […]

GraceKennedy Foods USA to Consolidate with Majesty Foods Factory for Joint Venture

Wisynco Makes History With Largest Main Market IPO Of JA$6.1B

Photo Caption: Herbert Hall, Assistant Vice President, Investment Banking, NCB Capital Markets (NCBCM) addressed the audience at Wisynco’s listing ceremony at the Jamaica Stock Exchange. At the start of trading last Thursday WISYNCO Group Limited became the last company to list on the Jamaica Stock Exchange’s Main Market for 2017, but with its Initial Public […]

Jamaica Broilers Group’s Improved Financial Results For October 2018 Quarter Attributed To Increased Poultry Sales And Enhanced Inventory Management

“Selling Shareholders” to Pocket J$5B of the $6B in Wisynco Group Limited IPO.

The Wisynco Group Limited is looking to raise just over $6 billion Jamaican dollars and has published its prospectus inviting the public to take up to 784.5 million shares at the subscription price of J$7.87 per share. According to information in the prospectus the Directors will be using the net proceeds to among other things, […]

Jamaica Broilers Group’s Improved Financial Results For October 2018 Quarter Attributed To Increased Poultry Sales And Enhanced Inventory Management