GraceKennedy's net profit declined by 23% to $1.29 billion during the six month period ended June 30.
In an interim report to its shareholders, GraceKennedy said its financial performance was affeccted by the transition of its new food operations, the asset tax, low foreign exchange gains, and higher finance costs.
Notwithstanding these negative factors, GraceKennedy's revenues increased by $5.6 billion dollars, during the review period, to $39.3 billion.
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