Profit up 10% at Wisynco

Profit before taxation at Wisynco for the September quarter, increased or 15.7 percent to $928 million over the $802 million earned in the September 2017 quarter.
For the September 2018 quarter Wisynco Profit Attributable to Shareholders rose 10 percent to $769 million or 21 cents per share compared to $698 million or 19 cents per share for the corresponding period in 2017 when there were less shares issued.
Revenues for the quarter grew 12 percent to $6.8 billion over over the $6.1 billion achieved in the corresponding quarter in 2017. Gross Profit grew 10.4 to $2.6 billion or 10.4 percent over the $2.3 billion achieved in the same quarter of the previous year. Wisynco indicated that Gross Margin of 37.8 percent was slightly lower than the 38.4 percent for the corresponding quarter of the previous year due to the commissioning of the new beverage lines and the devaluation of the Jamaican Dollar.