Chief Financial Officer of the GraceKennedy Group, Andrew Messado, says there are still a number of hurdles to overcome if the company is to meet the ambitious target to list its food division on an international stock exchange by 2030.
He says the group has been meeting with international investment bankers to decide on which international exchange to list.
But Mr. Messado said some of the considerations before this can be achieved include the kind of governance structure necessary, the right operational efficiency, the sources of revenues, as well as whether these revenues are generated in developed markets.
The group generated US$1.1 billion in revenues and US$79 million in net profits in 2024.
Some 42 per cent of its revenues were generated outside of Jamaica.
All feeds
