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GraceKennedy reports record revenue in 2020

GraceKennedy Group says it recorded exceptional growth in revenue in 2020 resulting in it achieving its best financial performance in its 99-year history.
 
Revenues amounted to $115.4 billion, reflecting an increase of $12.3 billion over 2019. 
 
Profit after tax totalled $6.9 billion compared to $5.1 billion in the previous year.
 
GraceKennedy Group CEO Don Wehby attributed the performance to the company's successful execution of its strategic initiatives, notwithstanding the challenges presented by the COVID-19 pandemic. 
 
The initiatives included securing a reliable global supply chain, improving efficiency to better manage costs, as well as providing new delivery channels and innovative solutions for customers.
 
All business segments within the Group recorded increased revenue for 2020 compared to 2019.
  


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