Hardware and Lumber Limited, a subsidiary of the GraceKennedy group, is looking to build its chain of stores operating under the name Rapid TrueValue in and outside of Kingston.
But chief executive officer of GK Investments, Don Wehby, under whose portfolio the retail operation falls, said Tuesday the size of the investment to be made was dependent on the finalisation of a strategic plan that he was in the middle of formulating.
The financial results for the six months ending June 30, 2007 showed net Profit of $31 million compared to net loss of $6.9 million for the comparative period in 2006. Sales were $3,116 million compared to $2,528 million for the comparable period last year.
Hardware and Lumber Limited (H&L), a subsidiary of Grace-Kennedy Limited, realised net profit of $24.6 million for the first quarter ending March 31, eightfold its earnings for the matching period last year.
Read more on the Gleaner website.
The Jamaica Gleaner has an intereting article on our upcoming plans to revamp and integrate our internal IT systems.
Rapid True Value is an Associate sponsor of the 10th staging of the Home & Hardware Show 2007.
When: September 28-30, 2007
Where: National Arena
Time: 10:00am – 10:00pm (daily)
Rapid True value will be giving away prizes and surprises, during the entertainment segment each day. So come prepared to test your knowledge about our business!!
GraceKennedy Group Sports, Arts & Culture had its Inter-Company Sports Day on May 19, 2007. Hardware & Lumber staff participated in a range of exciting sporting activities and challenging games. See the highlights in the image gallery below.
AgroGrace invites you to come an learn a new approach to termite management at our professional pest control workshop. This invite is extened to Pest Control Operators, Housing Developers/Representatives of the Construction Industry and Ministry of Health and other stakeholders. There will also be a launch of an exciting product, I Maxx Pro – an insecticide in water soluble packets.
When:
Tuesday May 8 at the Hilton Hotel, Kingston, 9:30am
Wednesday May 9 at the Holiday Inn Sunspree Resort, 9:30am.
Invitees:
Visit our AgroGrace booth at the following events for Farm & Garden product updates and technical advice. The schedule of events is as follows:
Clarendon Horticultural Society 34th Annual Flower Show
When: April 14 & 15, 2007
Where: St. Gabriel’s Church Hall, Church Street, May Pen
Rapid True Value was an associcate sponsor for the recently concluded Grace/ISSA Boys and Girls Championships
Congratulations to Yohan Blake of St. Jago High School who won the Rapid True Value sponsored boys Class 1 100m dash.
Grace Kennedy Limited is the title sponsor of the annual Boys’ and Girls’ Athletic Championships, popularly known as “Champs”. The entire GraceKennedy group of companies have come together to support the Championships.
Champs took place at the National Stadium in Kingston from March 28-31. Photograph courtesy of the Jamaica Observer.
Longtime H&L customer Basil Johnson was featured in extensive interview in the Gleaner.
BASIL JOHNSON, founder and managing director of Montego Bay-based Discount Lumber & Hardware Limited, Discount Lumber Limited and Discount Mart Limited, is one of a number of self-made businessmen in Jamaica. And at 73, he shows no sign of slowing down.
Read more about Mr Johnson's inspiring story in The Jamaica Gleaner Online .
