fbpx
Jamaican Teas posts loss despite big revenue growth

Jamaican Teas posts loss despite big revenue growth

Tea and other consumer products manufacturer, Jamaican Teas Limited, which has branched out into retail, real estate and other investments, is reporting a near $70-million loss on group activities for the year ending September 30, 2020. This is despite its manufacturing arm declaring a near $258-million profit for the period. Losses on the portfolio of its spin-off investment subsidiary, QWI, continue to weigh down the group’s financial performance.