Jamaica Broilers Group has moved to reassure shareholders and the public that it remains strong and poised for continued growth.
This follows concerns over its US operations outlined in a June 2 disclosure to the Jamaica Stock Exchange.
Group President and CEO Christopher Levy said the challenges in the US are linked to accounting evaluation issues for inventories and biological assets.
He noted that these will be fully corrected after the ongoing financial audit.
Mr. Levy emphasized that the Jamaican operations remain robust and are the foundation of the group's stability.
Meanwhile, NCB Financial Group CEO Robert Almeida also expressed support saying Jamaica Broilers remains a credible and transparent company with NCB standing firmly behind it.
Mr. Levy says Jamaica Brolers has engaged independent external advisors in the US and is working closely with its board, management team and regulators to ensure integrity in its financial reporting.
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