GraceKennedy net profit up 15 per cent in Q1

The GraceKennedy Group has recorded revenues for the first quarter of 2018 of $24.9 billion and net profit of $1.3 billion.
Revenues increased by 5.1 per cent generating a 14.9 per cent increase on net profit over Q1 2017.

Don Wehby, Group CEO, expressed satisfaction with the group’s results, noting that the company has benefitted from strong performance of key business lines and new acquisitions.
“We are very clear about delivering shareholder value. This comes from meeting the needs of our consumers, providing relevant, quality products and services and continuous innovation. I’m very proud of the strides we continue to make in both our Foods and Financial Services segments. Our newest acquisitions, Consumer Brands Ltd and Gray’s Pepper Products Ltd, are…

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