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GraceKennedy sees revenue growth despite Ja dollar depreciation

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KINGSTON, Jamaica — The GraceKennedy Group says it has recorded revenues of J$77.97 billion for 2014, a J$10.71-billion or 15.9 per cent increase over the prior year.

Group CEO Don Wehby expressed satisfaction with the Group’s results, noting that 2014 was a year in which the company achieved “significant strategic investments, in keeping with its goal of becoming a Global Consumer Group”.

He also noted that despite the continued depreciation of the Jamaican currency, as well as changes in consumer demand due to decreased purchasing power, the Group was able to grow its revenues in the local market.

Published in the Observer
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