GraceKennedy Reports $126b in Revenue Up to September

GraceKennedy Limited says it has achieved revenues of just over $126 billion for the nine-months ended September 30 this year.

In a statement to the media on Thursday, GraceKennedy disclosed that this represents an increase of 7.3 per cent or $8.58 billion over the corresponding period in 2023.

The company says profitability also improved. Profit before tax increased to nearly $10 billion, up by $904 million over 2023, an increase of 10.3 per cent.

Net profit attributable to stockholders was $6.62 billion, an increase of 11.1 per cent.

Earnings per stock unit for the period was $6.70, compared to $6.02 in 2023.

GraceKennedy says following the positive results, a dividend of 75 cents per stock unit has been announced by GK Group chief financial officer, Andrew Messado, payable on December 16, 2024.

That payment amounts to $743 million.

This is the fourth interim dividend payment for 2024 and brings the year-to-date total dividend pay-out to approximately $2.3 billion.

Messado says that as they continue their journey towards becoming the number one Caribbean brand globally by 2030, GraceKennedy’s strong nine-month performance is a testament to the steadfast dedication of its exceptional team.