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Massy Group profits will continue to rise
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Massy profits up 36% to $500m
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Massy takes over Montrose
Article by May 21, 2021
The supermarket battle to win over the growing price-conscious segment of the market is about to intensify.
Having shelved its plan a few years ago to construct a megastore in the Kendal Hill, Christ Church area, having been beaten to it by the hugely successful Popular Supermarket, sources say, Massy Barbados is about to respond with the opening of its budget brand Price Lo about a mile away from Popular.
According to well-placed sources, Massy, which operates superstores in Warrens, Holetown, and Oistins, will be taking over Montrose Supermarket, a family-owned, community supermarket that has operated for almost four decades.
Article by Social Share
Port of Spain – The Trinidad-based regional conglomerate, Massy Holdings, which recently announced plans to be listed on the Jamaica Stock Exchange (JSE), has posted a 20 per cent increase in profits for the second quarter in comparison to the same period last year.
Massy, which has operations in several Caribbean countries, said that it had taken the decision to apply for the cross-listing of the company’s shares on the JSE.
“The board considered the market sophistication and growth opportunities evident in the Jamaican securities market which has become increasingly more dynamic over the past few years,” Massy said in a statement, adding that it expects once the application is approved, it will drive a greater interest in the company’s shares, which would benefit all shareholders.
Massy Group sees 20% increase in profits
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