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Everything Fresh to slash debt amid record profit

Food distributor Everything Fresh Limited has doubled its profit to $100 million for 2023, some of it due to tax credits, amid a rise in travel to Jamaica.
 
The group is now arching into higher profit, a recovery that's been occasioned by a rise in debt that the company intends to refinance.
 
The distribution company plans to attack the debt load, in particular its rising credit card balances, which hit $109 million by the end of last year. 
 
EFresh's borrowings are now almost equal to its equity base, with its capital having risen to $463 million in the year ending December.


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