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Caribbean Market Update

GraceKennedy Q2 Net Plummetes 50% and Revenues Declines 49%

Author: Mukesh Buch
Islandjournal.net
Last Update: 1:43 AM ET August 01 2014


GraceKennedy Limited, the Jamaica-based diversified company reported revenue in the second-quarter ending in June tumbled 48.8% to J$19.06 billion from J$37.24 billion in the same quarter last year.

Net income in the quarter plummeted 49.7% from a year ago to J$953.8 million or J$2.55 earnings a share compared to net profit of J$1.89 billion or J$5.07 per share.


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