Jamaican Teas report increased profits for year ended September 2023

Jamaican Teas is reporting increased revenue and profits for the financial year ended September 2023.

The company said net profit rose by 15-per cent from $162.6 million to $186.2 million.

Revenues increased by 9-per cent from $2.47 billion to $2.7 billion.

The increase in revenue was driven by an 8-per cent increase in export manufacturing sales, and a one per cent increase in domestic manufacturing and a 22-per cent increase in Supermarket sales.