Written by Megan Defreitas on October 2, 2023

Acquisition of Bryden Group behind improved performance

Seprod says the acquisition of the Bryden Group was the driving force behind the improved performance that was reported at the company's Annual General Meeting yesterday.

Group CEO Richard Pandohie says they are already deriving benefits from the combined entities in efforts to expand their regional distribution footprint.

Mr Pandohie says Seprod delivered on its commitment of creating shareholder value allowing it to payout over $1 billion to its shareholders.

Total sales increased by $34.5 billion and total operating profit increased by approximately $2.4 billion.

The group is looking to exceed revenues of US$650 million by the end of this year.

Source: Radio Jamaica News
September 28, 2023

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