Mar 2022 Financial News

GraceKennedy Limited - Notice re Interim Dividend Payment and Financial Results for the year ended 31st December, 2021

Mar 02, 2022

GraceKennedy (GK) has released its annual financial results for the period ended December 31, 2021. In a year which continued to be characterised by the COVID-19 pandemic, GK defied the odds and delivered outstanding results in 2021, building on its record-breaking 2020 performance. The global consumer group which operates in the areas of food and financial services realized J$129.3 billion in revenues in 2021, an increase of J$13.9 billion or 12% over 2020. Profit before tax (PBT) for 2021 was J$11.7 billion, a notable increase of 20.3% compared to the prior year. Profit after tax totalled J$8.9 billion, representing an increase of J$2.1 billion or 30.4%. GK’s total assets grew by 16.4% or J$28.1 billion in 2021, up from J$171.7 billion in 2020 to J$199.8 billion.

GreceKennedy Limited will make an interim dividend payment on 8th April 2022 of 48 cents per stock or a total of approximately $476 Million to the stockholders on record at the close of business on 18th March 2022. The Company's Register of Members will be close from the close of business on 18th March 2022 to 25 March 2022.

This was approved  by the Company's Board of Directors on 1st March 2022.

The Trinidad and Tobago Stock Exchange Limited
Wednesday 2nd March, 2022