July 23, 2016 12:38 PM ET

Food Products

Company Overview of Salada Foods Jamaica Limited

Company Overview

Salada Foods Jamaica Limited manufactures and sells instant coffee, roasted and ground coffee beans, and other consumer products in Jamaica. It offers roasted whole beans and soluble coffee (instants), as well as flavored briquettes; and distributes and sells juices and condiments. The company’s instant line includes Mountain Peak, Mountain Peak Decaffeinated, and Shirriff instant coffee. It also offers a range of other beverages, drink mixes, and dessert products; cocoa mix; Salada tea and Salada Jamaican ginger instant tea; Lushus jelly crystals; and Salada sugar. The company also exports its products through a network of distributors in the United States, Canada, the United Kingdom, Baham...

20 Bell Road

PO Box 71

Kingston,  11

Jamaica

Founded in 1958

Phone:

876-923-7114

Fax:

876-923-5336

Key Executives for Salada Foods Jamaica Limited

Salada Foods Jamaica Limited does not have any Key Executives recorded.

Salada Foods Jamaica Limited Key Developments

Salada Foods Jamaica Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2015

Salada Foods Jamaica Limited announced unaudited consolidated earnings results for the first quarter ended December 31, 2015. For the year, the company reported turnover $188,630,000 against $134,195,000 a year ago. Operating profit was $16,380,000 compared with loss of $2,134,000 a year ago. Profit before taxation was $18,087,000 compared with loss of $735,000 a year ago. Profit attributable to stockholders of the company was $15,300,000 compared with $1,461,000 a year ago. Earnings per share were $0.15 compared with $0.01 a year ago. Net cash provided by operating activities was $8,082,000 compared with $86,136,000 a year ago. Purchase of property, plant and equipment was $3,322,000 compared with $15,633,000 a year ago.

Salada Foods Jamaica Limited Announces Audited Group and Parent Earnings Results for the Year Ended September 30, 2015

Salada Foods Jamaica Limited announced audited group and parent earnings results for the year ended September 30, 2015. For the year, on group basis, the company's sales were JMD 660.4 million compared with JMD 736.4 million a year ago. Operating profit before net finance income and taxation was JMD 14.2 million compared with JMD 117.5 million a year ago. Profit before taxation was JMD 23.1 million compared with JMD 130.9 million a year ago. Profit attributable to stockholders of the company was JMD 41.4 million or JMD 0.40 per share compared with JMD 105.1 million or JMD 1.01 per share a year ago. Net cash provided by operating activities was JMD 89.8 million compared with net cash used by operating activities of JMD 32.3 million a year ago. Purchase of property, plant and equipment was JMD 20.9 million compared with JMD 54.4 million a year ago. For the year, on parent basis, the company's sales were JMD 629.7 million compared with JMD 727.99 million a year ago. Operating profit before net finance income and taxation was JMD 73.2 million compared with JMD 160.8 million a year ago. Profit before taxation was JMD 82.2 million compared with JMD 173.96 million a year ago. Profit for the year was JMD 76.2 million compared with JMD 131.98 million a year ago. Net cash provided by operating activities was JMD 103.6 million compared with net cash used by operating activities of JMD 25.1 million a year ago. Purchase of property, plant and equipment was JMD 17.6 million compared with JMD 40.7 million a year ago.

Salada Foods Jamaica Limited Declares Dividend, Payable on December 18, 2015

Salada Foods Jamaica Limited has advised that the Board of Directors declared a dividend of $0.40 per share payable on December 18, 2015 for shareholders on record as at December 3, 2015. The ex-dividend date is December 1, 2015.

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