Jamaica Broilers Group (JBG) for the year ended April 31, 2017 recorded total revenues of $44.44 billion, a 15% increase on the $38.52 billion reported in 2016. Total revenue was broken down as follows;

• The Jamaica Operations contributed $31.96 billion, a 13% increase compared to $28.40 billion for the same period of 2016.
• US Operations recorded an increase of 23% to total $10.86 billion relative to $8.80 billion last year.
• Other Caribbean Operations contributed $1.63 billion, an increase of 24% when compared to $1.32 billion.

Cost of Sales grew by 16% to $32.59 billion from $28.15 billion in 2016. Gross profit for the year reflected an increase of 14% to close at $11.85 billion versus $10.37 billion booked in 2016.

Other income climbed 22% from $268.86 million in the previous year to $328.35 million in 2017. Distribution costs rose 31% to close at $1.58 billion relative to $1.21 billion recorded for the prior year, while administration and other expenses grew by 20% to $7.37 billion (2016: $6.13 billion).

Operating profit declined by 2%, totaling $3.23 billion relative to $3.30 billion last year.

JBG reported finance income of $379.38 million (2016: $159.08 million) an increase of 138%, while finance costs declined by 7% to $647.24 million relative to $693.80 million in 2016.

Profit before taxation increased for the period amounting to $2.97 billion (2016: $2.77 billion). Tax charges for the year totalled $700.62 million (2016: $671.96 million). Net profit from continuing operations amounted to $2.26 billion relative to $2.09 billion booked in 2016.

Net profit from discontinued operations totalled $3.94 million compared to a loss of $368.08 million, consequently, profit attributable to stockholders of the company increased 68% from $1.74 billion in 2016 to $2.23 billion.

Consequently, earnings per share totaled $1.86 relative to $1.45 in 2015. Earnings per share for the quarter amounted to $0.56 relative to $0.42 for the corresponding period in 2016. Total shares used in our calculation amounted to 1,199,276,400 units.

Balance sheet at a glance:-

Total assets amounted to $27.47 billion as at April 31, 2017 relative to $24.38 billion a year prior.  The increase in total assets was due mainly an increase in ‘loan receivable’ from nil in 2017 to $2.05 billion.

Shareholders equity amounted to $14.42 billion (2016: $13.10 billion) with a book value per share of $12.02 (2016: $10.93).

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