Read our latest letter to shareholders.

Caribbean Cream Limited has returned to a position of profitability even though it is continuing to face rapid inflation in the aftermath of COVID-19 pandemic. However, during that time we brought families together to “enjoy happy moments”.

The year under review was a very challenging one for Caribbean Cream (trading as Kremi). This stemmed from the impact of the Covid-19 pandemic on the global economy, resulting in supply chain uncertainties and delays, as well as high inflation which drove up the costs of fuel, energy and commodities.

While global and local trade came to a halt in 2020 because of COVID-19, the year was a remarkable one for Caribbean Cream Limited in that we realised a significant increase in sales and profit.

Caribbean Cream Limited has always been careful to put aside a large cash reserve for a company of this size and this financial year is no different. At the end of the current financial year, we had a little over $129 million in cash.

During this financial year, revenue grew to J$1.5 billion, an increase of 13 per cent, while net profit before tax stood at J$103 million, up by 14 per cent. 

On the Junior Stock Exchange, the revenue of Caribbean Cream Limited (CCL) reached an all-time high of J$1.37 billion in sales.

The year under review saw Caribbean Cream Limited realising a 7% increase in revenue over the previous year, totalling J$1.2 billion.

Caribbean Cream Limited was the top advancing stock on the Jamaica Stock Exchange Junior Market in 2015 with a 436% increase in its share price, ending the year at $4.02.

2014 was a historic year for Caribbean Cream in that we surpassed the J$1 billion mark in revenues and realised above 40 per cent increase in net profit.

Report on the Audit of the Financial Statements.

Report on the Audit of the Financial Statements. Click here to download the top 10 shareholders.