Paramount Trading (Jamaica) Ltd 2024 Annual Report with Sustainability Disclosures
The report details Paramount Trading (Jamaica) Limited's financial and operational performance for the fiscal year ended May 31, 2024. During this period, the company recorded its first net loss in its 33-year history, amounting to $14.36 million, primarily due to a sharp slowdown in sales in the fourth quarter and higher financing costs. Despite these challenges, the company continued its strategic transition toward manufacturing, investing over $106 million in capital expenditure, which included purchasing new electric forklifts and upgrading its bleach manufacturing plant. Additionally, the company demonstrated its commitment to corporate social responsibility through various community initiatives, including charity runs, educational donations, and employee development programs.
Company: Paramount Trading (Jamaica) Ltd
Sector: Wholesale & retail
Country: Jamaica
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 52
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Paramount Trading (Jamaica) Ltd
Annual Report
The report details Paramount Trading (Jamaica) Limited's financial and operational performance for the fiscal year ended May 31, 2024. During this period, the company recorded its first net loss in its 33-year history, amounting to $14.36 million, primarily due to a sharp slowdown in sales in the fourth quarter and higher financing costs. Despite these challenges, the company continued its strategic transition toward manufacturing, investing over $106 million in capital expenditure, which included purchasing new electric forklifts and upgrading its bleach manufacturing plant. Additionally, the company demonstrated its commitment to corporate social responsibility through various community initiatives, including charity runs, educational donations, and employee development programs.
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Document Details
Report Year
2024
Reporting Period
Jun 1, 2023 - May 31, 2024
Fiscal Year
2024
Published
Sep 25, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees