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Grace 3rd quarter profits up on remittances and online sales

HI-LO

THE Grace Kennedy group benefited from a growth in remittances and online sales which increased its profits nearly 7.0 per cent to $878.3 million for the third quarter ending September 2015.

The company explained that its sales on popular US selling platform Amazon grew since its store launch in summer. Grace products were always sold on Amazon by individual traders but now Grace sells directly to customers.

“The group’s Grace Jerk Seasoning was recognised as being the ‘number 1 new release’ in the herbs, spices & seasoning gifts category on the Amazon shopping portal,” stated Grace in its financials released this month. “We are delighted by the opportunity to present our Grace products to a wider audience and to provide greater flexibility and convenience in accessing our products worldwide.”

Published in the Observer
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