Jamaica Producers’ decision to amalgamate with the Pan Jamaica Group, which sees its core operating investments come under Pan Jam Investments Limited, marks a quantum leap for the company that carved out a reputation for being an excellent farming operator.
For the fiscal year 2023, consolidated net profits attributable to shareholders came to J$15.5 billion with shareholders equity of $36.5 billion, representing 91 per cent growth.
Chairman of Jamaica Producers Group, Charles Johnston, said: “ As we celebrate our 95th anniversary, we meet this moment with renewed confidence in our mission of realising value for our Jamaican shareholders by acquiring and building great businesses always with integrity and wherever appropriate through healthy and respectful partnerships. Jamaica Producers has always taken a long-term view on growth. It is our DNA. Farming and shipping, the genesis of Jamaica Producers, are not industries that lead to short-term gains.”
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