US Market
Poultry company Jamaica Broilers Group Limited, JBG, has released a provisional report for the month of May, as it overhauls its operations in the United States.
“The board has approved this reporting format through which we will be providing a routine snapshot of JBG’s profit performance on a monthly basis, until the reports are finalised through the quarterly submission,” the company said in its filing to the Jamaica Stock Exchange.
Listed companies are only required to file quarterly and yearly reports to the stock exchange, making Jamaica Broilers’ decision to file the monthly abbreviated profit and loss statement an unusual step that’s meant to shore up confidence. It also comes amid a delay in the release of the company’s audited accounts for the 2025 fiscal year.
“We want our shareholders and investors to be aware on an immediate basis where the company is, in regard to profitability. We are continuing to stabilise the US operations, and we feel confident,” Levy told the Financial Gleaner.
Revenue for May increased by 16 per cent to $8.18 billion from $7.08 billion in May 2024; operating profit climbed by 50 per cent to $853 million; and pretax profit improved by 28 per cent to $520 million, up from $406 million in May 2024.