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Financial News

Nov 2023 Financial News

GraceKennedy Limited - 2023 3rd Quarter Performance News Release

Nov 09, 2023

Kingston, Jamaica, November 9, 2023 – GraceKennedy Limited (GK) has delivered strong financial results for the nine months ended September 30, 2023.

During the period, GK achieved revenues of J$117.8 billion, an increase of 9.7% or J$10.4 billion over the same period in 2022. Profit before tax (PBT) reached J$8.8 billion, up by J$1.1 billion, a 14.0% increase. Net profit after tax rose to J$6.4 billion, a 14.2% increase, and net profit attributable to stockholders reached J$6.0 billion, marking a 15.3% increase overthe corresponding period last year. Earnings per stock unit for the period were J$6.02, compared to J$5.23 in 2022.

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The Trinidad and Tobago Stock Exchange Limited
Thursday 9th November, 2023