Group President & CEO, JAMAICA BROILERS GROUP LIMITED
is pleased to announce the following appointments effective May 1, 2017:
CEO Charles Chambers said the commissioning of more than 830,000 barrels of storage will make WIP second only to Petrojam as the largest owner of fuel storage in Jamaica. The total storage is broken down as 65,000 barrels at the Ocho Rios Pier and 600, 000 at the former Jamaica Broilers ethanol plant, which it acquired last year and has now completely retrofitted to store gasolene, diesel and heavy fuel oil.
Sales in the quarter climbed 18 per cent to $11.7 billion, and from that Jamaica Broilers scored $722 million in net profit, which, in turn, was up 49.5 per cent year-on-year.
Poultry company Jamaica Broilers Group (JBG) earned $439 million for the second quarter, up eight per cent due to higher sales revenue.
Despite an increase in costs associated with its new Iowa plant, and foreign currency translation costs associated with US dollar-denominated expenses, Jamaica Broilers was able to improve earnings by two cents for the second quarter ended October 29, 2016.