Mar 2006 Financial News

GKC releases audited year end results

Mar 20, 2006

All figures quoted in Jamaica Dollars

GraceKennedy Limited reported diluted Earnings Per Share of $6.26 for the year ended December 31, 2005. This was 4.86 per cent less than 2004's Earnings Per Share of $6.58 but was within the revised forecasted range of -5 to 5 per cent.

Revenues increased modestly 7.58 per cent as the Group's Retail & Trading Division produced disappointing results for the year. Unfortunately Expenses increased by a slightly higher margin of 8.64 per cent resulting in a decrease in Operating Income of 5.14 per cent. Profit from Operations was down 1.21 per cent while Profit for the period decreased 6.66 per cent to $2.122 billion.

Look out for a detailed analysis of these results in the WISE Weekly Report.

WISE Research Team