Profits Slide At CPJ

////Profits Slide At CPJ

Chairman Mark Hart (left) and CEO Tom Tyler of Caribbean Producers Jamaica Limited.

Start-up costs associated with a second CPJ Market outlet and the popular Cru Bar clipped profits at Caribbean Producers Jamaica Limited in its December quarter.

The distribution company known for its wine and meat products spent J$80 million developing its second CPJ Market, a retailer of fine products, which opened at Lady Musgrave Road in Kingston close to year end 2012.

“CPJ Market and Deli has opened to resounding reviews with our existing food and beverage product lines as well as new brands that we have introduced to the local palate,” said CPJ president Thomas Tyler in a statement accompanying the company’s second-quarter financial results.

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Source: The Gleaner

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