Daily Recommendation – March 08, 2017
The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
GK plans to generate 60% of its profits outside of Jamaica
GraceKennedy Limited’s (GK) Investor Briefing held on March 7, 2017 Mr. Frank James, Group Chief Financial Officer, reported on the company’s audited financials for the year ended December 31, 2015 while Mr. Don Wehby, GK’s Group Chief Executive Officer provided an overview of the company’s strategic plans for the future. Mr. James noted that, revenues in 2016 totaled $88.3 billion compared to $79.7 billion in 2015, adding that, “all business segments reported increases in revenue.” The biggest of which was the income from the ‘Food Trading’ segment which contributed a total of $69 billion, an increase of 10% relative to
Daily Recommendation- March 07, 2017
The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein