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Mayberry Research 2021-10-05T03:32:45-05:00

GK reports 1% decline in nine months net profit

November 9, 2018   For the Nine Months ended September 30, 2018, Grace Kennedy Limited (GK) recorded revenue of $73.83 billion for period (2017: $69.30 billion), a year over year increase of 7%. Revenue for the third quarter of 2018 improved11% to $25.46 billion (2017: $22.93 million). The biggest contributor to the group’s overall revenue for the nine month period came from the ‘Food Trading’ segment which contributed a total of $58.54 billion (2017: $54.34 billion), an increase of 8% relative to the prior year’s corresponding period. Management noted, “the Food Trading segment recorded growth in both revenue and pre-tax profits