Jamaica Broilers Reports $14bn in Revenues

The Jamaica Broilers Group is reporting revenues of more than $14-billion in its just-released unaudited financial results for the quarter ended January 26, 2019.

This represents a 15-percent increase over the almost $13-billion in the corresponding quarter of 2018. Gross profit for the quarter was $3.6-billion; an 8-percent increase over the $3.3-billion for the previous year.

For the nine months ended January 26, the company is reporting results of $2.5-billion for the Jamaica Operations. This was $476-million, or 23-percent higher than last year’s segment result of $2-billion.

Total revenue for the Jamaica Operations increased 6-percent, attributed to more poultry sales and enhanced inventory management.

Total revenue for the US Operations increased by 28-percent over the prior year.

US Operations reported a segment result of over a billion dollars, representing an increase of 16-percent.

Jamaica Broilers Group closed the quarter with earnings per stock unit of 73-cents, an increase of 20-percent over the prior year.

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