Business: Interim Report: Jamaica Broiler Gro...
Business

Interim Report: Jamaica Broiler Group

Jamaica Broiler Group

JAMAICA, McCook’s Pen, St. Catherine. The Directors of Jamaica Broilers Group Limited released the unaudited financial results for the quarter ended 28 July, 2018, which have been prepared in accordance with International Financial Reporting Standards (IFRS).

Group revenues for the first quarter amounted to $12.2 bn., a 6% increase over the $11.5 bn. achieved in the corresponding quarter of the previous year. The gross profit for the quarter was $3.2 bn., a 19% increase over the previous year.


Jamaica Operations reported a strong first quarter segment result of $842 mill., which was $392 mill. or 87% above last year’s segment result of $449 mill. Total revenue for the Jamaica Operations showed an increase of 5%.

The US Operations reported a segment result of $300 mill., which was a 6% decrease from the prior year’s result of $318 mill.

Source: Jamaica Broilers Group
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