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GraceKennedy reports improved profit for March quarter

GraceKennedy is reporting improved profit for the quarter ended March.
 
Post-tax earnings amounted to $1.88 billion, up from $1.84 billion in 2021.
 
GraceKennedy's revenue grew by 15.5 per cent to $36.26 billion.
 
In notes accompanying its financial results, GraceKennedy said global inflationary pressures, rising interest rates and supply chain challenges continue to be threats to the business. 
 
However, it plans to push expansion of its product and distribution lines. 
 


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