Seprod Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 09, 2021 at 04:36 pm EST
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Seprod Limited announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was JMD 9,408.306 million compared to JMD 7,897.255 million a year ago. Operating income was JMD 1,293.384 million compared to JMD 693.435 million a year ago. Net income was JMD 614.187 million compared to JMD 595.589 million a year ago. Basic earnings per share was JMD 0.84 compared to JMD 0.81 a year ago. Basic earnings per share from continuing operations was JMD 0.87 compared to JMD 0.87 a year ago. For the full year, sales was JMD 38,067.252 million compared to JMD 32,694.821 million a year ago. Operating income was JMD 5,104.826 million compared to JMD 2,802.635 million a year ago. Net income was JMD 3,096.816 million compared to JMD 1,067.434 million a year ago. Basic earnings per share was JMD 4.22 compared to JMD 1.46 a year ago. Basic earnings per share from continuing operations was JMD 4.32 compared to JMD 2.33 a year ago.
Seprod Limited is a Jamaica-based company. The Company operates through two business segments: Manufacturing and Distribution. The Manufacturing segment includes the operations of manufacturing and sale of oils and fats, corn and wheat products, cereals, milk products, juices, and biscuits. The Distribution segment is engaged in the merchandising of consumer goods. The Company offers its products under various brands, such as Betty, Butterkist, Chef, Chiffon, Cool Fruit, Delite, Eve, Gold Seal, Golden Grove, Miracle, Pronto, Serge, Supligen and Uncle Samâs. The Company's subsidiaries include Serge Island Dairies Limited, which is engaged in manufacture and sale of milk products and juices; International Biscuits Limited, which is engaged in manufacture and sale of biscuit products; Caribbean Products Company Limited, which is involved in the manufacture and sale of oils and fats, and Facey Commodity Holdings Limited, which is engaged in Investment activities.
SEPROD LIMITED 
