News

Corporate income tax, for the first time in six years, took a $10-million bite out of net earnings for confectioner and bakery, Honey Bun Ltd.
Effective 2 June 2016, the 100 per cent tax remission for the first five years after listing on the Junior market of the Jamaica Stock Exchange ended.

The company became subject to income tax on 50 per cent of its chargeable income — for four months for the year ended 30 September 2016.the corresponding period last year…..

CEO of bakery and confectionery Honey Bun Ltd Michelle Chong indicates that in 2017 the company will pursue new export opportunities in a bid to increase hard currency earnings.

“We have several plans to increase sales in new markets where there are opportunities in order to increase our foreign exchange earnings,” Chong said in the annual report released on January 11.

Pastry manufacturer’s Honey Bun thanked Jamaicans for over three decades of support, as it presented record sales of JMD 1.2billion with a 114% increase in profits over the prior year to its shareholders. In remarks made at the company’s Annual General Meeting on February 8 at the Knutsford Court Hotel,2019 a 71.8 per cent increase compared with the corresponding period last year…..

JAMAICAN baking company Honey Bun Limited (HoneyBun) on Friday (August 9), reported unaudited after-tax profit of $16.7 million for the third quarter ended June, 30, 2019 a 71.8 per cent increase compared with the corresponding period last year…..

Kingston, Jamaica; Honey Bun (1982) Limited, Jamaica’s fastest growing wholesale bakery has increased its investment in distribution materials, with its recent purchase of a container load of product trays. Over the last quarter, Honey Bun (1982) Limited received the first of several shipments, carrying approximately 1300 trays, which hold up to 275k
the corresponding period last year…..

Honey Bun (1982) Limited Jamaica’s first HACCP certified bakery has increased its investment in manufacturing infrastructure, with the first phase of construction on an expanded baking and warehousing facility well underway.
2019 a 71.8 per cent increase compared with the corresponding period last year…..

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