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Businessuite 2018 Skin Index By US$ Holdings

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7 years ago

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Businessuite 2018 Skin Index By US$ Holdings
Rank Company Executives 2018 Skin Shareholding 2018 Valuation US$ 2017 Valuation US$ US$ Change
1 PanJam Investment Limited Paul Facey 434,676,574 $156,483,567 $95,748,809 $60,734,758
2 PanJam Investment Limited Stephen Facey 434,676,574 $156,483,567 $95,748,809 $60,734,758
3 Lasco Manufacturing Limited Lascelles Chin 3,247,122,250 $95,644,994 $123,869,703 ($28,224,709)
4 Lasco Distributors Limited Lascelles Chin 2,668,889,040 $82,415,294 $147,659,255 ($65,243,961)
5 Express Catering Limited Ian Dear 1,310,000,000 $44,016,000 $0 $44,016,000
6 Access Financial Services Limited Marcus James 120,220,534 $35,037,072 $20,609,770 $14,427,303
7 Paramount Trading (Jamaica) Ltd Hugh Graham 1,233,966,840 $30,306,226 $28,846,727 $1,459,498
8 Supreme Ventures Limited Ian Kent Levy 324,541,171 $29,935,678 $12,847,106 $17,088,571
9 Lasco Financial Services Limited Lascelles Chin 761,704,332 $28,761,956 $18,934,285 $9,827,670
10 Mayberry Investments Limited Christopher Berry 472,540,066 $22,341,694 $19,713,217 $2,628,477
11 Mayberry Investments Limited Konrad Mark Berry 465,985,397 $22,031,790 $19,535,584 $2,496,206
12 Jamaica Broilers Group Robert Levy 152,376,620 $21,735,001 $17,513,872 $4,221,129
13 Caribbean Producers Ja Ltd Mark Hart 576,545,000 $20,663,373 $22,834,879 ($2,171,506)
14 Barita Investments Limited Rita Humphries Lewin 339,975,664 $20,316,946 $15,895,379 $4,421,567
15 Knutsford Express Limited Oliver Townsend 167,663,320 $20,119,598 $5,222,458 $14,897,141
16 General Accident Insurance Company Ltd. P.B. Scott/Melanie Subratie 824,999,989 $18,480,000 $12,857,477 $5,622,523
17 JMMB Group Limited Keith Duncan 101,144,376 $18,116,981 $11,160,324 $6,956,657
18 Pulse Investments Limited Kingsley Cooper 1,185,905,280 $17,077,036 $5,483,029 $11,594,007
19 Supreme Ventures Limited Janette Stewart 170,592,476 $15,735,450 $6,793,755 $8,941,695
20 JMMB Group Limited Donna Duncan-Scott 85,013,712 $15,227,656 $9,601,139 $5,626,517
21 Jetcon Corporation Limited Andrew Jackson 376,320,400 $14,480,809 $5,484,411 $8,996,398
22 Knutsford Express Limited Anthony Copeland 119,633,320 $14,355,998 $3,727,063 $10,628,935
23 Supreme Ventures Limited Paul Hoo 150,000,000 $13,836,000 $6,729,525 $7,106,475
24 Jamaica Producers Group Ltd. Charles Johnston 103,158,897 $13,782,029 $1,259,424 $12,522,605
25 Jamaica Producers Group Ltd. Marshal Hall 100,999,669 $13,493,556 $1,206,113 $12,287,443
26 Supreme Ventures Limited Stephen Castagne 144,396,828 $13,319,163 $5,716,013 $7,603,151
27 Fosrich Company Limited Cecil Foster 401,820,444 $10,511,623 $0 $10,511,623
28 Knutsford Express Limited Gordon Townsend 87,232,590 $10,467,911 $2,730,133 $7,737,777
29 Blue Power Group Limited Dahru Tanner 28,300,800 $9,549,822 $6,395,412 $3,154,410
30 Stationery and Office Supplies Limited David McDaniel 200,096,400 $7,891,802 $3,118,466 $4,773,336
31 GraceKennedy Limited Douglas Orane 22,006,156 $7,717,999 $6,812,079 $905,920
32 Salada Foods Jamaica Ltd. Donovan Lewis 81,447,767 $7,330,299 $5,394,732 $1,935,567
33 Derrimon Trading Company Ltd Derrick Cotterll 110,000,000 $6,960,800 $4,731,551 $2,229,249
34 Jamaican Teas Limited John Mahfood 215,428,356 $6,807,536 $3,374,399 $3,433,137
35 138 Student Living Limited John W. Lee 136,704,832 $6,649,323 $5,113,249 $1,536,074
36 Sagicor Group Jamaica Limited Donovan Lewis 22,586,250 $6,428,950 $0 $6,428,950
37 Jamaican Teas Limited Violet Helen Mahfood 200,792,840 $6,345,054 $4,193,329 $2,151,725
38 Sagicor Group Jamaica Limited Richard Byles 22,021,071 $6,268,078 $0 $6,268,078
39 JMMB Group Limited Wayne Sutherland 34,550,860 $6,188,750 $3,922,701 $2,266,049
40 Proven Investments Limited Peter Bunting 30,087,130 $6,034,275 $0 $6,034,275
41 Dolphin Cove Limited Stafford Burrowes 45,367,938 $5,807,096 $5,302,884 $504,212
42 Honey Bun (1982) Limited Michelle Chong 174,509,360 $5,458,653 $7,859,924 ($2,401,272)
43 ISP Finance Services Limited Dennis Smith 54,017,500 $5,211,608 $3,577,875 $1,633,733
44 Caribbean Flavours & Fragrances Ltd Derrimon Trading Company/Derrick Cottrell 58,465,327 $5,144,949 $0 $5,144,949
45 Main Event Entertainment Group Limited Richard Bair 120,002,000 $5,068,884 $1,870,210 $3,198,675
46 Main Event Entertainment Group Limited Solomon Sharpe 120,002,000 $5,068,884 $1,870,210 $3,198,675
47 Honey Bun (1982) Limited Herbert Chong 158,879,040 $4,969,736 $7,155,933 ($2,186,196)
48 Jamaica Producers Group Ltd. K.A.J. Moss (Mrs.) 36,360,468 $4,857,759 $435,865 $4,421,894
49 Palace Amusement Co. Ltd. Charles “Douglas” Graham 1,058,800 $4,743,424 $1,608,868 $3,134,556
50 Caribbean Cream Limited Scoops Un-Limited Limited 121,341,801 $4,669,233 $6,834,463 ($2,165,231)
51 ISP Finance Services Limited Robert Chung 45,832,500 $4,421,920 $3,035,738 $1,386,182
52 1834 Investments Limited Oliver F. Clarke 434,557,600 $4,345,576 $4,063,501 $282,075
53 AMG Packaging & Paper Co Ltd Antonia Hugh 161,758,590 $3,882,206 $6,178,918 ($2,296,712)
54 GraceKennedy Limited Donald G. Wehby 10,929,855 $3,833,319 $3,486,005 $347,314
55 Jamaica Producers Group Ltd. Jeffrey Hall 26,511,222 $3,541,899 $317,799 $3,224,101
56 Paramount Trading (Jamaica) Ltd Radcliffe Knibbs 144,059,764 $3,538,108 $3,372,849 $165,259
57 Sagicor Group Jamaica Limited R. Danny Williams 12,332,825 $3,510,415 $0 $3,510,415
58 CAC 2000 Limited Steven Marston 67,462,522 $3,508,051 $2,675,791 $832,260
59 AMG Packaging & Paper Co Ltd George Hugh 121,318,960 $2,911,655 $4,634,190 ($1,722,534)
60 AMG Packaging & Paper Co Ltd Mark Chin/Paul Chin 121,318,960 $2,911,655 $4,634,190 ($1,722,534)
61 IronRock Insurance Company Limited William D. McConnell 111,420,000 $2,540,376 $67,887 $2,472,489
62 Derrimon Trading Company Ltd Monique Cotterll 40,000,000 $2,531,200 $1,720,564 $810,636
63 IronRock Insurance Company Limited Richard Evan Thwaites 110,500,000 $2,519,400 $3,099,821 ($580,421)
64 IronRock Insurance Company Limited William A. McConnell 109,000,000 $2,485,200 $3,057,742 ($572,542)
65 Key Insurance Company Limited Sandra Masterton 88,409,444 $2,390,591 $1,791,199 $599,392
66 Key Insurance Company Limited Natalia Gobin-Gunter 88,409,444 $2,390,591 $1,791,199 $599,392
67 Key Insurance Company Limited Kala Abrahams 88,409,444 $2,390,591 $1,791,199 $599,392
68 Caribbean Cream Limited Matthew G. Clarke 60,055,425 $2,310,933 $3,284,700 ($973,767)
69 tTech Limited Edward Alexander 41,607,994 $2,293,433 $1,705,054 $588,378
70 Gwest Corporation Limited Dennis and Denise Samuels (Cornwall Medical) 82,591,455 $2,272,917 $0 $2,272,917
71 Eppley Limited Nicholas Scott 23,527,350 $2,258,626 $898,340 $1,360,285
72 Caribbean Cream Limited Carol Clarke Webster 58,521,764 $2,251,917 $3,301,625 ($1,049,708)
73 Consolidated Bakeries (Jamaica) Ltd Anhony Chang (Chang Brothers) 155,675,286 $2,241,724 $2,741,574 ($499,850)
74 Jamaica Broilers Group Christopher Levy 15,475,323 $2,207,400 $1,622,097 $585,304
75 JMMB Group Limited Andrew Cocking 12,127,170 $2,172,219 $1,338,118 $834,100
76 Access Financial Services Limited Neville James 7,175,290 $2,091,167 $1,230,023 $861,143
77 Eppley Limited Nigel Clarke 21,394,650 $2,053,886 $816,908 $1,236,979
78 Radio Jamaica Limited Oliver F. Clarke 242,245,524 $2,034,862 $2,321,842 ($286,980)
79 Proven Investments Limited Winston Hepburn 10,046,344 $2,014,895 $0 $2,014,895
80 Medical Disposables & Supplies Ltd Kurt Boothe 50,841,500 $2,013,323 $1,636,406 $376,917
81 Medical Disposables & Supplies Ltd Winston Boothe 50,000,000 $1,980,000 $1,636,406 $343,594
82 Medical Disposables & Supplies Ltd Myrtis Boothe 50,000,000 $1,980,000 $1,636,406 $343,594
83 Medical Disposables & Supplies Ltd Nikeisha Boothe 50,000,000 $1,980,000 $1,636,406 $343,594
84 NCB Financial Group Limited Michael Lee Chin 2,409,400 $1,915,569 $0 $1,915,569
85 Gwest Corporation Limited Konrad Kirlew 62,210,449 $1,712,032 $0 $1,712,032
86 Gwest Corporation Limited Leyford Doonquah 61,520,637 $1,693,048 $0 $1,693,048
87 Caribbean Cement Company Ltd Colin Steele 6,500,000 $1,687,920 $1,757,441 ($69,521)
88 Pulse Investments Limited Hilary Phillips 106,826,616 $1,538,303 $493,913 $1,044,391
89 CAC 2000 Limited Colin Roberts 27,355,291 $1,422,475 $1,085,003 $337,472
90 Jamaica Broilers Group R. Danny Williams 9,873,332 $1,408,332 $1,134,822 $273,511
91 Caribbean Cement Company Ltd Michael Subratie 5,254,965 $1,364,609 $1,425,020 ($60,410)
92 Caribbean Cream Limited Christpher Clarke 35,133,399 $1,351,933 $3,002,615 ($1,650,682)
93 Jamaica Producers Group Ltd. Oliver F. Clarke 10,049,094 $1,342,559 $120,462 $1,222,097
94 Mayberry Investments Limited Gary Peart 24,566,665 $1,161,512 $1,029,912 $131,600
95 Jamaica Broilers Group Conley Salmon 7,655,110 $1,091,925 $779,636 $312,288
96 Sagicor Group Jamaica Limited Paul Facey 3,762,069 $1,070,835 $0 $1,070,835
97 Derrimon Trading Company Ltd Ian C. Kelly 15,743,459 $996,246 $677,191 $319,055
98 NCB Financial Group Limited Patrick Hylton 1,230,902 $978,616 $0 $978,616
99 Gwest Corporation Limited Wayne Gentles (Bull Investments) 35,374,366 $973,503 $0 $973,503
100 Jetcon Corporation Limited Gillian Jackson 24,523,200 $943,653 $382,190 $561,463
101 Jetcon Corporation Limited Justine Jackson 24,523,200 $943,653 $382,190 $561,463
102 Jetcon Corporation Limited Sean Jackson 24,523,200 $943,653 $382,190 $561,463
103 1834 Investments Limited Joseph Matalon 93,628,124 $936,281 $875,506 $60,775
104 PanJam Investment Limited Richard Byles 2,519,967 $907,188 $553,598 $353,590
105 Cargo Handlers Limited Antony Hart 113,242,640 $905,941 $1,638,678 ($732,737)
106 Cargo Handlers Limited Jane Fray 112,911,980 $903,296 $1,633,893 ($730,598)
107 Cargo Handlers Limited Mark Hart 98,920,782 $879,296 $1,590,482 ($711,186)
108 tTech Limited Christpher Reckord 15,478,795 $853,191 $630,391 $222,800
109 tTech Limited Norman Abraham Chen 15,391,566 $848,383 $635,668 $212,715
110 Gwest Corporation Limited Elva Williams-Richard 30,760,319 $846,524 $0 $846,524
111 Derrimon Trading Company Ltd Winston Thomas 13,297,118 $841,442 $574,840 $266,602
112 Pulse Investments Limited Sheldon Gordon 53,820,054 $775,009 $251,617 $523,392
113 C2W Music Limited Ivan Berry 180,000,000 $734,400 $490,922 $243,478
114 GraceKennedy Limited Frank James 2,010,153 $705,001 $641,125 $63,876
115 Jamaica Broilers Group Gregory Shirley 4,895,990 $698,364 $678,216 $20,148
116 PanJam Investment Limited Paul Hanworth 1,686,820 $607,255 $320,864 $286,392
117 Jamaica Broilers Group Claudette Cooke 3,915,908 $558,565 $466,750 $91,816
118 Pulse Investments Limited Jason Carby 36,025,200 $518,763 $166,562 $352,200
119 Kingston Properties Limited Garfield Sinclair 8,328,814 $513,055 $324,508 $188,547
120 Jetcon Corporation Limited Carl Carby 12,903,393 $496,523 $201,097 $295,426
121 tTech Limited Hugh Allen 8,806,028 $485,388 $363,687 $121,701
122 Blue Power Group Limited Noel Dawes 1,412,715 $476,707 $319,245 $157,461
123 KLE Group Limited Josephn Bogdanovich 23,168,835 $463,377 $346,639 $116,738
124 Sweet River Abattoir & Supplies Company Ltd Henry Graham 15,035,009 $463,078 $452,234 $10,845
125 KLE Group Limited Gary Matalon 18,929,033 $378,581 $240,484 $138,096
126 138 Student Living Limited Douglas Stiebel 7,778,352 $378,339 $290,956 $87,383
127 Productive Business Solutions Ltd Paul Scott 84,181,818 $377,135 $0 $377,135
128 GraceKennedy Limited Ryan Mack 1,049,871 $368,211 $383,517 ($15,306)
129 JMMB Group Limited Sheldon Powe 2,045,857 $366,454 $225,741 $140,713
130 Barita Investments Limited John Minott 5,885,322 $351,707 $275,165 $76,542
131 Barita Investments Limited Karl Lewin 5,675,322 $339,157 $265,347 $73,811
132 Jamaica Broilers Group Ian Parsard 2,297,908 $327,774 $368,691 ($40,918)
133 C2W Music Limited Derek Wilkie 80,000,000 $326,400 $218,187 $108,213
134 Sagicor Group Jamaica Limited Stephen Facey 1,135,254 $323,139 $0 $323,139
135 Barita Investments Limited George Cooper 5,302,322 $316,867 $247,907 $68,960
136 Seprod Limited Byron Thompson 1,220,668 $292,960 $281,268 $11,692
137 GraceKennedy Limited Casssida Jones 832,631 $292,020 $249,479 $42,541
138 Stationery and Office Supplies Limited Anjanette McDaniel 6,250,040 $246,502 $97,406 $149,096
139 1834 Investments Limited John Issa 23,374,832 $233,748 $218,576 $15,173
140 Sweet River Abattoir & Supplies Company Ltd Hector Lyons 7,358,848 $226,653 $221,345 $5,308
141 Radio Jamaica Limited J.A. Lester Spaulding 26,667,207 $224,005 $255,596 ($31,592)
142 GraceKennedy Limited Gordon Shirley 626,896 $219,865 $195,223 $24,642
143 GraceKennedy Limited Grace Burnett 622,218 $218,224 $171,017 $47,207
144 Jetcon Corporation Limited Karl Wright 5,650,000 $217,412 $58,443 $158,969
145 Sterling Investments Limited Charles Ross 1,968,048 $204,677 $231,566 ($26,889)
146 Caribbean Flavours & Fragrances Ltd Ian Kelly 2,322,814 $204,408 $0 $204,408
147 Jetcon Corporation Limited John Jackson 5,284,472 $203,346 $75,742 $127,604
148 KLE Group Limited Stephen Shirley 10,111,500 $202,230 $151,282 $50,948
149 Radio Jamaica Limited Joseph Matalon 23,572,020 $198,005 $225,930 ($27,925)
150 GraceKennedy Limited Andrea Coy 553,313 $194,058 $159,485 $34,573
151 Jamaica Broilers Group Stephen Levy 1,339,316 $191,040 $154,798 $36,243
152 Gwest Corporation Limited Karlene McDonnough 6,152,064 $169,305 $0 $169,305
153 Barita Investments Limited Carl Domville 2,762,124 $165,065 $129,142 $35,923
154 Sweet River Abattoir & Supplies Company Ltd Audley Deidrick 5,205,603 $160,333 $156,578 $3,755
155 Sweet River Abattoir & Supplies Company Ltd Valdence Gifford 4,995,058 $153,848 $150,245 $3,603
156 GraceKennedy Limited Mariame Robinson 414,708 $145,446 $0 $145,446
157 Sweet River Abattoir & Supplies Company Ltd Neville Grant 4,654,073 $143,345 $139,988 $3,357
158 Kingston Properties Limited Peter Reid 2,200,000 $135,520 $85,717 $49,803
159 KLE Group Limited Usain Bolt 6,757,000 $135,140 $101,094 $34,046
160 PanJam Investment Limited Donovan Perkins 367,813 $132,413 $77,972 $54,441
161 KLE Group Limited David Shirley 6,227,750 $124,555 $93,176 $31,379
162 Productive Business Solutions Ltd Douglas Hewson 27,272,727 $122,182 $0 $122,182
163 Productive Business Solutions Ltd Ricardo Hutchinson 27,272,727 $122,182 $0 $122,182
164 tTech Limited Marcelle Smart 2,026,105 $111,679 $97,897 $13,782
165 Palace Amusement Co. Ltd. Elon Beckford 23,859 $106,888 $36,254 $70,634
166 Scotia Group Jamaica Limited Jacqueline Sharp 252,125 $106,215 $70,158 $36,057
167 Jamaica Producers Group Ltd. D.E. Kelly (Mrs.) 730,998 $97,661 $15,214 $82,447
168 Seprod Limited Richard Pandohie 400,000 $96,000 $46,084 $49,916
169 Kingston Wharves Limited Grantley Stephenson 331,369 $86,156 $51,669 $34,487
170 NCB Financial Group Limited Allison Wynter 100,789 $80,131 $0 $80,131
171 General Accident Insurance Company Ltd. Sharon Donaldson 3,377,956 $75,666 $56,541 $19,125
172 NCB Financial Group Limited Dennis Cohen 86,480 $68,755 $0 $68,755
173 JMMB Group Limited Archibald Campbell 363,227 $65,061 $40,079 $24,983
174 Cargo Handlers Limited Thersa Chin 760,022 $60,802 $109,979 ($49,177)
175 General Accident Insurance Company Ltd. Nigel Clarke 2,475,248 $55,446 $38,576 $16,869
176 General Accident Insurance Company Ltd. Maureen Hall 2,400,000 $53,760 $37,404 $16,356
177 1834 Investments Limited Christpher Barnes 5,308,834 $53,088 $49,642 $3,446
178 Palace Amusement Co. Ltd. Melanie Graham 11,448 $51,287 $17,395 $33,892
179 Radio Jamaica Limited Christpher Barnes 5,307,000 $44,579 $11,756 $32,823
180 Cable and Wireless Jamaica Garfield Sinclair 4,021,000 $38,602 $22,560 $16,042
181 Supreme Ventures Limited James Morrison 345,165 $31,838 $0 $31,838
182 Scotia Group Jamaica Limited Hugh Miller 74,098 $31,216 $0 $31,216
183 Kingston Properties Limited Lisa Gomes 459,460 $28,303 $17,902 $10,401
184 Kingston Wharves Limited Alvin Henry 91,333 $23,747 $14,241 $9,505
185 Seprod Limited Hugh Gentles 95,467 $22,912 $28,392 ($5,480)
186 Scotia Group Jamaica Limited Lissant ,Mitchell 44,500 $18,747 $0 $18,747
187 Barita Investments Limited Ian McNaughton 296,000 $17,689 $13,839 $3,850
188 Productive Business Solutions Ltd Pedro Paris Coronado 3,636,300 $16,291 $0 $16,291
189 CAC 2000 Limited Gia Abraham 300,000 $15,600 $11,899 $3,701
190 NCB Financial Group Limited Wayne Chen 14,044 $11,166 $0 $11,166
191 Express Catering Limited Tania Waldron 314,466 $10,566 $0 $10,566
192 1834 Investments Limited Douglas Orane 1,053,553 $10,536 $9,852 $684
193 Radio Jamaica Limited Yvonne Wilks 1,169,639 $9,825 $15,109 ($5,284)
194 Radio Jamaica Limited Douglas Orane 823,381 $6,916 $7,892 ($975)
195 Kingston Wharves Limited Charles Johnston 24,458 $6,359 $3,814 $2,545
196 Radio Jamaica Limited Claire Grant 752,513 $6,321 $7,213 ($891)
197 Radio Jamaica Limited Gary Allen 603,228 $5,067 $3,462 $1,605
198 Seprod Limited Angela Cooper 18,854 $4,525 $4,344 $181
199 Jamaica Stock Exchange Marlene Street Forrest 75,000 $4,200 $1,286 $2,914
200 Salada Foods Jamaica Ltd. Patrick Williams 44,385 $3,995 $2,940 $1,055
201 Jamaica Stock Exchange Robin Levy 69,000 $3,864 $2,143 $1,721
202 NCB Financial Group Limited Steven Gooden 4,293 $3,413 $0 $3,413
203 Productive Business Solutions Ltd Jose Misrahi 727,200 $3,258 $0 $3,258
204 Caribbean Cement Company Ltd Parris Lyew-Ayee 10,000 $2,597 $2,712 ($115)
205 Jamaica Stock Exchange Suzette McNaught 45,000 $2,520 $643 $1,877
206 Cable and Wireless Jamaica Stephen Price 139,596 $1,340 $783 $557
207 Kingston Properties Limited Kevin Richards 21,000 $1,294 $818 $475
208 Scotia Group Jamaica Limited David Noel 0 $0 $0 $0
209 Carreras Limited Marcus Steele 0 $0 $0 $0
210 Cable and Wireless Jamaica Paul Rajesh $0 $23,078 ($23,078)
211 Barita Investments Limited Peta Rose Hall $0 $440,099 ($440,099)

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RANKING

The Businessuite 2024 Caribbean Top 50 & 100 Editorial: Preparing For A New Caribbean Reality

Published

2 months ago

on

December 7, 2024

By

In the face of rapid economic, demographic, and technological shifts, Caribbean business leaders today navigate an environment marked by both promising growth opportunities and unprecedented challenges. From the pressing demands of Environmental, Social, and Governance (ESG) imperatives to the dual-edged influence of Artificial Intelligence (AI), the scope of leadership has expanded dramatically.

The declining birth rate and population growth across the region highlight an urgent demographic challenge. With aging populations, high emigration, and shifting family structures, the region faces a shrinking labour pool and a gradual transformation in consumer demand. Business leaders must re-evaluate strategies, invest in automation, attract talent creatively, and engage policymakers to build a resilient future.

Additionally, the adoption of advanced technologies, particularly AI, brings competitive advantages but also new cybersecurity risks that require robust protections and forward-thinking regulation. These pressures demand that companies adapt and safeguard their operations while responsibly implementing AI to build trust and ensure long-term sustainability.

This edition of Businessuite Top 100 delves into these critical issues with insights and actionable strategies, from innovative ESG practices to future-proofing operations amid demographic shifts and technological advancements. With contributions from top Caribbean firms, we explore how businesses can lead effectively in an era of constant change, underscoring the resilience, adaptability, and forward vision that the Caribbean’s business landscape needs now more than ever.

Businessuite remains committed to supporting Caribbean business leaders as they shape sustainable growth and inclusive prosperity for the region.

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The Businessuite 2024 Caribbean Top 50 & 100 and the Ranking Methodology

Published

2 months ago

on

December 7, 2024

By

The Businessuite Caribbean Top 50 & 100 Companies ranking methodology and annual coverage aim to provide a structured view of the financial standing and influence of Caribbean businesses on a global scale.

This editorial introduction highlights the growing trend of Caribbean companies aiming for international expansion beyond the CARICOM market—a strategic move noted among major companies like GraceKennedy, Massy Group, and Goddard Enterprises. These companies are increasingly pursuing growth in markets like the USA, Canada, Latin America, and even parts of Africa and Europe, setting their ambitions beyond regional limitations.

The Businessuite Caribbean Top 100 rankings prioritize companies by annual revenue in US dollars, which allows for better comparison with Fortune and Forbes rankings. This method enables investors and business leaders to assess Caribbean companies against global corporations, despite the size disparity.

For instance, Massy Holdings Limited, leading the Caribbean list with about US$2.1 billion, would rank far below the smallest company on the Fortune 500, but still showcases substantial Caribbean corporate potential.

Beyond revenues, other financial indicators such as post-tax profit and market capitalization are also considered in the rankings. This multi-dimensional approach, modelled after established rankings like those by Fortune, reflects Businessuite’ s commitment to providing a credible benchmark for Caribbean companies, helping regional businesses to measure their growth and positioning globally.

Additionally, Businessuite has extended its publication footprint through digital channels, reaching investors and executives interested in Caribbean investment opportunities
.
For more on Businessuite’ s insights into Caribbean corporate performance, visit the official site at BusinessuiteOnline.com

 

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Businessuite 2023 Top 100 Caribbean Companies – US$ Revenue  

Published

1 year ago

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October 15, 2023

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Businessuite 2023 Top 100 Caribbean Companies – US$  Revenue       
US$000 US$000
2023 Company 2022 2021
1 TT Massy Holdings Limited $1,824,063 $1,653,484
2 TT Guardian Holdings Limited $1,068,271 $1,041,146
3 JA NCB Financial Group Ltd. $997,548 $780,871
4 TT ANSA Mc Al Limited $962,452 $887,023
5 JA GraceKennedy Limited $953,105 $833,773
6 TT Republic Financial Holdings Limited $900,276 $862,188
7 JA Sagicor Group Jamaica Limited $647,516 $661,298
8 JA Jamaica Broilers Group Limited $609,247 $479,660
9 TT Agostini’s Limited $604,219 $536,127
10 BB First Caribbean International Limited $599,280 $543,052
11 JA Seprod Limited $523,017 $282,954
12 BB Goddard Enterprises Limited $484,416 $378,583
13 JA Supreme Ventures Limited $339,186 $283,530
14 TT First Citizens Group Limited $315,429 $318,201
15 JA Productive Business Solutions Limited $311,997 $223,997
16 TT Trinidad Cement Limited $304,016 $281,801
17 JA Scotia Group Jamaica Ltd. $285,363 $243,780
18 TT Scotiabank Trinidad & Tobago Limited $279,948 $257,089
19 JA Wisynco Group Limited $260,368 $205,148
20 JA JMMB Group Limited $240,488 $176,396
21 JA Jamaica Producers Group Limited $193,387 $161,330
22 GY Banks DIH Ltd. $190,431 $179,335
23 EC  The West Indies Oil Company Ltd. $181,450 $123,036
24 JA Caribbean Cement Company Limited $172,289 $153,717
25 TT Prestige Holdings Limited $162,997 $105,811
26 JA Lasco Distributors Limited $155,619 $130,802
26 TT Angostura Holdings Limited $151,904 $136,939
27 GY Demerara Distillers Ltd. (Group) $150,868 $138,271
28 EC St. Lucia Electricity Services Ltd. $147,634 $109,179
29 JA Derrimon Trading Company Limited $122,831 $114,416
30 JA Caribbean Producers Jamaica Ltd. $119,960 $58,178
31 JA Carreras Limited $108,195 $101,586
32 TT The West Indian Tobacco Company Limited $106,798 $126,635
33 TT ANSA Merchant Bank Limited (Group) $106,335 $171,745
34 JA General Accident Insurance Co Ja $100,785 $90,011
35 EC Grenada Electricity Services Limited $88,601 $66,027
36 JA Future Energy Source Company $84,494 $37,764
37 TT National Flour Mills Limited $78,585 $65,624
38 GY Republic Bank Guyana Ltd. $65,024 $59,504
39 JA Transjamaican Highway Limited $65,006 $52,755
40 JA Lasco Manufacturing Limited $63,223 $52,990
41 JA Kingston Wharves Limited $63,191 $55,929
42 JA Barita Investments Limited $59,692 $52,333
43 EC S. L. Horsford & Co Ltd. $54,629 $48,501
44 TT PLIPDECO Limited $53,667 $47,567
45 TT One Caribbean Media Limited $48,400 $45,715
46 JA Mayberry Investments Limited $46,423 $28,923
47 JA Proven Investments Jamaica Limited $45,971 $29,498
48 TT National Enterprises Limited $45,157 $4,945
49 JA Fontana Limited $42,297 $33,219
50 EC Dominica Electricity Services $41,567 $34,092
51 EC St. Kitts Nevis Anguilla Trading & Development Company $40,298 $42,856
52 TT Unilever Caribbean Limited $37,780 $34,649
53 JA Mayberry Jamaican Equities Limited $36,317 $18,465
54 JA Radio Jamaica Limited $36,252 $36,825
55 BB Insurance Corporation Of B’DOS Limited $36,092 $52,196
56 BB West India Biscuit Compant Limited $33,545 $30,712
57 GY Guyana Bank for Trade & Industry Ltd. $32,302 $27,787
58 GY Demerara Bank Limited $30,279 $27,104
59 EC East Caribbean Financial Holding Company $29,691 $27,271
60 EC Republic Bank (Grenada) Limited $25,499 $24,169
61 TT Trinidad and Tobago NGL Limited $24,820 $28,881
62 EC St. Kitts-Nevis-Anguilla National Bank Ltd. $23,418 $22,971
63 EC Grenada Co-operative Bank Ltd. $23,220 $21,265
64 GY Sterling Products Limited $22,800 $20,046
65 TT LJ Williams Limited $22,536 $22,483
66 JA FosRich Company Limited $22,492 $15,160
67 JA Berger Paints Jamaica Limited $21,977 $20,041
68 GY Citizens Bank Guyana Inc. $21,796 $18,034
69 EC Bank of St. Vincent and the Grenadines $20,158 $18,811
70 JA Honey Bun (1982) Limited $19,693 $13,833
71 JA Everything Fresh Limited $17,597 $10,412
72 JA Tropical Battery Company Limited $17,506 $12,877
73 TT Guardian Media Limited $17,373 $15,559
74 JA Lasco Financial Services Limited $16,750 $14,785
75 JA Jamaican Teas Limited $16,464 $14,638
76 JA Victoria Mutual Investments Limited – Group $15,918 $11,968
77 JA PanJam Investment Limited $15,677 $27,716
78 BB Cave Shepherd & Company Limited $15,536 $13,833
79 JA Dolphin Cove Limited $15,114 $7,640
80 JA Wigton Windfarm Limited $14,793 $13,213
81 JA Key Insurnace Company Limited $14,787 $12,347
82 JA Express Catering Limited $14,241 $4,412
83 JA Caribbean Cream Limited $13,907 $12,059
84 JA Access Financial Services Ltd. Group $13,193 $11,729
85 JA Stationery & Office Supplies Limited $11,657 $7,253
86 TT Endeavour Holdings Limited $11,621 $12,586
87 JA Paramount Trading (Jamaica) Limited $11,449 $9,269
88 JA Mailpac Group Limited $11,246 $11,734
89 JA Lumber Depot Limited $10,495 $9,216
90 JA Main Event Entertainment Group Ltd $10,329 $4,890
91 JA Sygnus Credit Investments Limited – Group $9,773 $11,125
92 JA First Rock Real Estate Investments Limited $9,359 $5,300
93 JA Consolidated Bakeries Jamaica Limited $9,111 $6,962
94 JA The Limners and Bards Limited $8,967 $7,913
95 JA Salada Foods Jamaica Limited $8,912 $7,671
96 JA 138 Student Living Jamaica Limited $7,908 $5,243
97 JA Jamaica Stock Exchange Limited $7,566 $6,435
98 JA Knutsford Express Limited $7,426 $4,058
99 JA CAC 2000 Limited $7,407 $6,744
100 JA IronRock Insurance Company Limited $7,363 $5,682
101 JA Spur Tree Spices Jamaica Limited $6,858 $5,543
102 JA AMG Packaging & Paper Company $6,640 $4,552
103 JA Indies Pharma Jamaica Limited $6,250 $5,460
104 JA Pulse Investments Limited $6,205 $5,204
105 JA Portland JSX Limited $5,584 $3,067
106 JA Image Plus Consultants Limited $5,184
107 JA Caribbean Flavours & Fragrances Ltd $5,149 $4,344
108 JA Dolla Financial Services Limited $4,933 $2,444
109 JA Regency Petroleum Co. Limited $4,542
110 JA Sygnus Real Estate Finance Limited – Group $4,425 $6,940
111 JA Palace Amusement Company (1921) Limited $4,328 $682
112 JA Elite Diagnostic Limited $4,162 $3,268
113 JA Blue Power Group Limited $3,510 $3,443
114 JA Kingston Properties Limited – Group $3,481 $3,133
115 JA Caribbean Assurance Brokers Limited $3,374 $2,986
116 JA Stanley Motta Limited $3,330 $3,176
117 JA JFP Limited $3,177 $1,507
118 JA Cargo Handlers Limited $3,150 $2,175
119 JA Eppley Limited $2,923 $2,493
120 JA ISP Financial Services Limited $2,876 $2,799
121 JA Magaritaville Ltd $2,618 $48
122 JA Ttech Limited $2,495 $2,529
123 JA One On One Educatinal Services Limited $1,780 $1,733
124 TT CinemaONE Limited $1,433 $308
125 JA Edufocal Limited $1,250 $1,194
126 JA GWEST Corporation Limited $975 $729
127 JA Sterling Investments Limited $830 $1,892

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Businessuite 2023 #1 Caribbean Company by US$ Profit after Tax – National Enterprises Limited

Published

1 year ago

on

October 15, 2023

By

Businessuite 2023  #1 Caribbean Company By            US$ Profit after Tax
US$000 US$000
2023 Company 2022 2021
1 TT National Enterprises Limited $292,000 -$40,183

National Enterprises Limited (NEL) is an investment holding company incorporated on August 27, 1999 by the Government of the Republic of Trinidad and Tobago. NEL was formed to consolidate the Government’s shareholding in selected State Enterprises and facilitate public offerings on the Trinidad and Tobago Stock Exchange.

NEL has invested in industries that drive the economy of Trinidad and Tobago: natural gas and energy-based manufacturing, telecommunications, power generation, and the marketing and manufacturing of basic foods.

NEL holds significant shareholding in the following companies:

• NGC NGL Company Limited (NGC NGL);
• NGC Trinidad and Tobago LNG Limited (NGC LNG);
• Telecommunications Services of Trinidad and Tobago Limited (TSTT);
• Trinidad Nitrogen Co. Limited (TRINGEN);
• National Flour Mills Limited (NFM);
• NEL Power Holdings Limited (NPHL); and
• Pan West Engineers and Constructors, LLC (Pan West).

Through NEL, individual and corporate investors can share in the financial stability and staying power of these enterprises. Today, over 5,000 citizens who will continue to benefit from our consistent dividend payments own 100 million of the 600 million issued shares in NEL.

As of September 30, 2022, the fair market value of National Enterprises Limited’s (NEL) equity investments in subsidiaries, joint ventures and associate companies based on IFRS 9, was TT$3.42 Billion, an increase of 92% compared to the $1.78 Billion as of March 31, 2021, the last reporting date.

NEL’s Financial Position
For the financial period ended September 30, 2022 (FY2022), NEL recorded a net profit of $1.98 Billion, an increase of over $2 Billion as compared to the previous financial year (FY2021), where NEL recorded a loss of $270 Million.

NEL’s increased net profit over the eighteen-month financial period ended September 30, 2022 includes the unrealized fair value gain of $1.7 Billion from NEL’s portfolio companies in the energy sector.

NEL Power Holdings increased by $21.3 Million or 19.7% over its value as of March 31, 2021. This was offset by declines in the fair values of Telecommunications Services of Trinidad and Tobago Limited (TSTT) and National Flour Mills Limited (NFM).

NEL also registered an operating profit of $297 Million in FY2022 versus the $28 Million recorded in financial year ended March 31 2021 (FY2021).

Management has continued with prudent cost management practices while pursuing operational efficiencies. Operating expenses in FY22 have remained consistent at $8.8 Million for the eighteen-month period compared to $4.99 Million for the twelve-month FY2021.

Charles Maynard
General Manager National Enterprises Limited

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Businessuite 2023  #1  Trinidad and Tobago Company by US$ Profit after Tax – National Enterprises Limited

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Businessuite 2023 #1 Caribbean Company By US$ Revenue  – Massy Holdings Limited

Published

1 year ago

on

October 15, 2023

By

Businessuite 2023 #1 Caribbean Company by US$  Revenue  
US$000 US$000
2023 Company 2022 2021
1 TT Massy Holdings Limited $1,824,063 $1,653,484

2022 was the 99th year of operations for the Massy Group of Companies, formerly Neal & Massy. Given the tumultuous environment in the world today, coupled with the success the Group has experienced in focusing on its three main Portfolios and success in international expansion, we have created a new vision for the Massy Group as it approaches 100 years of operations:

“A Global Force For Good, An Investment Holding Company with a Caribbean Heart”

Several developments have inspired this new vision. First, we are called to expand our sphere of influence beyond the Caribbean Basin. We recognise that our Purpose and Values resonate with people from diverse backgrounds, religions, and races.

The Group has never been more profitable and our Balance Sheet has never been stronger.

Operating Profit from Business Units grew by 25 percent from TT$961 million (US$143 million) in FY2021 to TT$1.2 billion (US$178 million) in FY2022.

Profit Before Tax (PBT) from Continuing Operations grew by 11 percent from FY 2021 to FY 2022; growth was impacted by the underperformance of the overseas cash investments held by the Group in FY2022 compared to the significant gains produced in those investments in FY 2021.
The Group’s Debt to Equity is down to 25 percent and in addition to its TT$1.2 billion in cash at the end of the year, the Group has US$176 million invested overseas to fund acquisitions and growth initiatives.

The Group’s governance has been strengthened with the creation of Portfolio Boards of Directors with Independent Directors and with increased autonomy and decision-making being implemented throughout our operations.

Mr. E. Gervase Warner, President &
Group CEO
Massy Group of Companies

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Businessuite 2023 #1 Trinidad and Tobago Company by US$ Revenue –  Massy Holdings Limited

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