Sunday 23 February, 2020

Grace signs Daniel Sturridge to boost Nourishment

Sturridge who is of Jamaican descent was born in Birmingham England and currently plays for Liverpool.

Sturridge who is of Jamaican descent was born in Birmingham England and currently plays for Liverpool.

GraceKennedy will contract footballer Daniel Sturridge in a campaign that targets increasing sales of it Nourishment product.

GK Foods UK limited performance for the quarter did not meet expectations due to lower sales from or Grace owned Nourishment branded nutritionally enriched milk drink.

"To strengthen the marketing support for the Nourishment brand GK Foods UK has partnered with Liverpool and England footballer Daniel Sturridge who as brand ambassador will be actively involved in the marketing of Nourishment," said GK.

Sturridge who is of Jamaican descent was born in Birmingham England and currently plays for Liverpool.

For the nine months ended September 2017 Grace Kennedy group achieved revenues of $69.3 billion dollars representing an increase of 4.0 per cent or 2.6 billion over the corresponding period of 2016. Net profit for the period was 3.75 billion an increase of 1.4 per cent over the corresponding period.

Shareholders will recall back in 2016 a non-recurring current gain was attributable to the liquidation of non-operating subsidiaries. In 2017 non-recurring gains in the amount of $455 million was recorded in relation to the acquisition of consumer Brands limited which amounted to $418.5 million, the liquidation of non-operating subsidiaries.

Without these gains, net profit for the current. Would have been higher than the corresponding period of 2016 by 0.7 per cent. The results for the three months ended September 2017 represent 57 per  increase and net profit over the corresponding period of 2016. Without the one-off Gaines net profit for the three months ended September 2017 would have increased by 14.6 per cent over the corresponding period of 2016.

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