For the third quar­ter of 2021, the GraceKennedy Group re­port­ed rev­enue of J$32.42 bil­lion and prof­it be­fore tax (PBT) of J$3.09 bil­lion, com­pared to the cor­re­spond­ing pe­ri­od in 2020 which pro­duced J$29.59 bil­lion in rev­enue and J$2.79 bil­lion in PBT.

Ac­cord­ing to the com­pa­ny, for the nine-months end­ed Sep­tem­ber 30, 2021, the GraceKennedy Group al­so record­ed rev­enue of J$95.78 bil­lion, rep­re­sent­ing an 11.2 per cent or J$9.65 bil­lion in­crease over the cor­re­spond­ing pe­ri­od of 2020.

Fur­ther, it said prof­it be­fore oth­er in­come was J$5.88 bil­lion, which is a 14.9 per cent or J$762.78 mil­lion in­crease over the cor­re­spond­ing pe­ri­od of 2020.

Prof­it be­fore tax for the pe­ri­od was J$8.54 bil­lion, which is 16.9 per cent or J$1.23 bil­lion high­er com­pared to the same pe­ri­od last year, and net prof­it af­ter tax was J$6.23 bil­lion, an in­crease of J$1.30 bil­lion or 26.34 per cent over the cor­re­spond­ing pe­ri­od of 2020, the com­pa­ny ex­plained.

It al­so not­ed that earn­ings per stock unit for the pe­ri­od was J$5.73 com­pared to J$4.47 for the same

pe­ri­od in 2020.

GraceKennedy al­so said that stock­hold­ers’ eq­ui­ty in­creased by J$5.16 bil­lion to J$65.07 bil­lion over the nine-month pe­ri­od.

“The mar­ket has re­spond­ed to the Group’s strong per­for­mance with the GK stock price on the Ja­maica Stock Ex­change (JSE) ap­pre­ci­at­ing by more than 50 per cent since the start of the year.

“This is rel­a­tive to a less than two per cent in­crease in the over­all JSE stock mar­ket in­dex from De­cem­ber 31, 2020 to No­vem­ber 2, 2021,” the com­pa­ny added.