For Christopher Levy 2010 represented the first full year in charge of the company as President and CEO, a position he took over from his father Robert Levy who now holds the postion of Group Chairman.

If the results are anything to go by then Christopher is off to a good start. Robert Levy who only appeared once on The Businessuite top CEO 10 list made his first entry at number 5 in 2008, Christopher in his first year in charge made the list at number 3 with a 58.54% percent growth in 2010 over 2009. In commenting on the performance Christopher said, “ As we unveil details of the performance of the Jamaica Broilers Group for the 2009/2010 operating year, we can report, yet again, that our Group has recorded our best ever performance. The “best ever” was bold and highlighted in the report to draw attention and emphasis to the performance.

He went on the say that “This is a highly commendable achievement, given the radical changes that have taken place over the years in both the Jamaican and the global operating environments. We believe that the sustained and outstanding performances are a result of the culture of excellence that exists at Jamaica Broilers, twinned with dedicated and astute management, team work and an enduring reliance on God’s direction.

In his report to shareholders Christopher Levy commented that “In a year of unparalleled economic turmoil across the globe, very few companies have been fortunate enough to have recorded their very best year ever. Jamaica Broilers Group is numbered among the few that can claim that honor and we can only recognize and thank God for the guidance and direction given to us as directors, management and employees, so that we were able to accomplish this. During the year under review, turnover decreased by 8.84% – moving down $2.176 billion from the $24.623 billion recorded in 2008/2009 to $22.447 billion in 2009/2010.”

“However, gross profits increased by 19% from $3.961 billion the previous year to $4.716 billion during 2009/2010; net profit attributable to stockholders grew 59% from the $828 million realized in 2008/2009 to $1.313 billion in 2009/2010. The reduction in turnover resulted from a strategic change in our ethanol business, which saw us moving into 2-year contractual processing or “tolling” arrangements, which allow us to process and deliver ethanol on behalf of clients, instead of selling the finished product directly into the USA marketplace on our own account. The Group is in the second year of this revised business strategy which has paid off handsomely for our ethanol operations.” BM