Seprod Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 23, 2021 at 04:20 pm EDT
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Seprod Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was JMD 10,250.634 million compared to JMD 9,471.358 million a year ago. Operating income was JMD 1,055.088 million compared to JMD 1,118.235 million a year ago. Net income was JMD 661.020 million compared to JMD 668.097 million a year ago. Basic earnings per share was JMD 0.9 compared to JMD 0.91 a year ago. Basic earnings per share from continuing operations was JMD 0.92 compared to JMD 0.92 a year ago. For the half year, sales was JMD 19,829.609 million compared to JMD 18,607.715 million a year ago. Operating income was JMD 2,000.247 million compared to JMD 2,223.239 million a year ago. Net income was JMD 1,207.327 million compared to JMD 1,300.812 million a year ago. Basic earnings per share was JMD 1.65 compared to JMD 1.77 a year ago. Basic earnings per share from continuing operations was JMD 1.7 compared to JMD 1.79 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 
