Jamaica Producers Says It Made $19 Billion in 2018


Jamaica Producers Group is reporting consolidated revenues of more than $19-billion in the company’s 2018 annual report.

This represents an increase of 21% over the 2017 results.

Net profit attributable to shareholders for 2018 was 816 million dollars, an increase of 23% over the prior year.

And as at the end of the reporting period, the Group had shareholders’ equity of just over $12-billion.

Eliminating the impact of movements in foreign exchange rates, the Group increased its base local currency revenues by 19% year-on-year.

Group Managing Director for JP Group, Jeffrey Hall says this growth was achieved across the board, with the Logistics and Infrastructure Division recording revenue growth of 12%.

The Food and Drinks Division recorded growth of 29%.

The Group grew its gross profits by 16% to $6-billion and saw a slight decline in its overall gross margin, from nearly 32% to 30.5%.

Operating profits grew by 17% to nearly $3-billion.

In 2018, Tauna won the UNICEF Media Award for Excellence in Reporting on Children’s Rights. She graduated from CARIMAC in 2015 and joined NNN in 2016. Since then, she’s covered several high-profile court cases including the X6 murder trial, the police death squad trial and is currently covering the Uchence Wilson Gang trial. Thomas is the Producer of Talking History heard on Nationwide Radio every Saturday.

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