GraceKennedy Limited has generated $95.78 billion in revenue during the first nine months of 2021, which is $20 billion shy of the $115.44 billion earned in 2020.
The company, which operates in food trading and financial services, saw its third-quarter revenue climb by 10 per cent to $32.42 billion.
GK attributed it to the growth of its international food division including triple-digit growth of its UK operations along with the improvements in GK Foods USA and Grace Foods Canada.
Its domestic food operations, including World Brands Services and Consumer Brands Limited, rebounded and registered substantial improvement in performance.
Hi-Lo Food Stores saw double-digit growth in basket size with the overall food-trading segment earning JM$75.15 billion for the nine months.
GK’s money services segment had an 11 per cent improvement, reaching $7.22 billion.
This was driven by the growth of remittance services in its key markets of Jamaica, Trinidad and Tobago, and Guyana.