Jamaica Broilers Group (JBG) earned more profit from its US operations than any other local division, which signals a shift to hard currency earnings.
At the same time, it announced a sale of shares in its 100 per cent-owned subsidiary, Aquaculture Jamaica Limited (AJL). Calls for clarity went unreturned up to print.
“The sale of shares in AJL was completed this quarter at a transaction value of $90 million,” stated Chairman Robert Levy and CEO Chris Levy in a joint statement accompanying the release of financials yesterday.
Published in the Jamaica Observer
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