The net profits at GraceKennedy Group declined to $6.1 billion on revenues of $133.89 billion during the nine-month period ended on September 30.
These figures represent an 8% drop in net profits, but a $7.5 billion increase in revenues when compared with the same period of the previous year.
The company's food division recorded a strong performance, mainly due to a spike in the revenues of its international division.
The division's performance was, however, tempered by reduced consumer spending. Higher than expected warehouse and logistics expenses also impacted the division's profitability negatively.
HiLo Food Stores also recorded modest revenue growth and a marginal decline in its profitability.
The company also says its manufacturing division recorded strong profit growth due to increased sales and tighter cost management.
Meanwhile, the financial division also generated strong revenue growth, backed by the banking and investment segments.
GK General Insurance Company also continues to perform well, according to the company's latest financial report.
It also stressed that it is still assessing the full impact of Hurricane Melissa on its operations.
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