← News Wed May 14, 2014 - 12:23 pm - 0 comments

Seprod’s earnings jump 37 per cent

seprod

MANUFACTURING and distribution conglomerate Seprod Group posted a 37 per cent increase in profit during the first three months of 2014.

During the quarter under review, the company made $395 million in profit, up from $288.5 million in the comparative quarter.

Revenue during the period marginally grew by four per cent to $3.7 billion, up from $3.6 billion in the comparative period in the prior year.

The company, which makes and distributes brands such a Chiffon and Butterkist, realised a gain of $9.9 million on stock investments, an improvement from the loss of $5.5 million it saw the comparative period.

Seprod recently formed a new overseas-based investment subsidiary, Xaymaca Ltd.

Published in the Jamaica Observer
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