August 30, 2014 12:53 PM ET

Food Products

Company Overview of Salada Foods Jamaica Limited

Company Overview

Salada Foods Jamaica Limited is engaged in the coffee processing business in Jamaica. The company manufactures and sells instant coffee, and roasted and ground coffee beans; cocoa and tea products; and other products. It also offers a range of other beverages, drink mixes, and dessert products, as well as seasoning and ketchup, baked beans, fruit punch, pine cherry, carrot juice, and cane vinegar under the Salada and Roberts brand names. The company also exports markets its products through a network of distributors in the Caribbean, North America, and Europe. Salada Foods Jamaica Limited was founded in 1958 and is based in Kingston, Jamaica.

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 Group Earnings Result for the Third Quarter and Nine Months Ended June 30, 2014

Salada Foods Jamaica Limited announced unaudited group earnings result for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported sales of JMD 188.1 million against JMD 197.7 million a year ago. Profit before tax was JMD 28.8 million against JMD 62.0 million a year ago. This decrease resulted from a reduction in sales, other operating income and interest income, while there were increases in input costs which were partially offset by the YTD reduction in Administration expenses and Selling and Promotional expenses. Profit after tax was JMD 21.6 million against JMD 43.2 million a year ago. EPS and continuing operations EPS was 0.21 cents against 0.41 cents a year ago. Results from operating activities were JMD 27,377,000 against JMD 59,010,000 a year ago. For the nine months ended, the company reported sales of JMD 439.7 million against JMD 491.3 million a year ago. Profit before tax was JMD 68.9 million against JMD 141.0 million a year ago. Profit after tax was JMD 51.8 million against JMD 97.6 million a year ago. EPS and continuing operations EPS was 0.50 cents against 0.94 cents a year ago. Results from operating activities were JMD 63,434,000 against JMD 129,791,000 a year ago. Net cash used in operating activities was JMD 64,775,000 against net cash from operating activities of JMD 74,915,000 a year ago. Acquisition of fixed assets was JMD 41,031,000 against JMD 108,262,000 a year ago.

Salada Foods Jamaica Ltd. Announces Executive Changes

Salada Foods Jamaica Ltd. announced that the resignation of Mr. Julian Rodney, that Mrs. Keshia Nelson-Brown will be acting as Managing Director until a replacement is found.

Salada Foods Jamaica Limited Announces Resignation of Julian Rodney as Managing Director with Effect on May 20, 2014

Salada Foods Jamaica Limited announced that Mr. Julian Rodney has resigned from his post as Managing Director of the company with effect on May 20, 2014.

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