Tropical Battery Company Limited said it is expecting its recently acquired US-based Rose Batteries subsidiary will be the main driver for its growth during 2025, adding that it will focus on growing the company’s market share globally before targeting another acquisition in 2026 of “one of our competitors.”
Dear Shareholders,
We are delighted to present the financial highlights and key strategic developments for Tropical Battery
Company Ltd. (Group) for the third quarter and the first nine months of fiscal year 2024. This period has
been marked by rapid growth driven by strategic acquisitions and enhanced operational efficiencies.
https://www.tropicalbattery.com/sites/default/files/TROPICAL-Q3-FS-2024-...
TROPICAL Battery Company Limited is now positioning to cross over to the Main Market of Jamaica Stock Exchange (JSE) as the company continues to witness robust growth and looks to unlock greater opportunities in the coming years.
https://www.jamaicaobserver.com/2024/07/28/tropical-battery-readies-cros...
The meeting of the Board of Directors is scheduled to be held on April 2, 2024. The primary agenda for this meeting will be to consider the payment of dividends to its shareholders.
Tropical Battery Company Limited is pleased to announce the appointment of Mr. Itamar Frankenthal and Mr. Andrew Cramer as new directors to the Board of Tropical Battery Company Limited, effective February 12, 2024.
The commencement of FY2024 heralds a period of strategic significance for Tropical Battery Company Limited, underscored by substantial fiscal growth and reinforced stability. This quarter has seen a surge in revenue and an enhanced cash position, coupled with targeted capital investments that promise long-term benefits.
https://www.jamstockex.com/tropical-battery-company-limited-tropical-una...
They discuss Mergers & Acquisitions and Alexander Melville, CEO of Tropical Battery discuss their recent acquisition of a company in California.
https://www.youtube.com/watch?v=fqSLuJgqXUw&t=63s
It aligns perfectly with our strategy of diversifying into new contemporary product lines, market segments and geographies. We are excited about the possibilities ...Daniel Meville-Deputy Managing Director
Tropical battery USA, the newly formed subsidiary of Tropical Battery Company Limited, has made its first acquisition. the company has acquired a manufacturer of specialty batteries in the United States but the name of the company is being withheld pending for the paperwork tropical batteries deputy managing director Daniel Melville told the Jamaica observer.
Tropical Battery eked out a record breaking J$782.8 million in gross operating revenue for the third quarter ended June 30, 2023, which represents an increase of 18.3 %
Tropical Battery Company Limited have credited the acquisition of Dominican Republic-based Kaya Energy Group for contributing to increased growth in revenues in third quarter (Q3) 2023, despite indicating the need to be monitored and make adjustments to the operation so as to ensure the overall success of the group.
Tropical Battery's revenues for the April to June quarter rose by 18 per cent to $782.84, up from $661.84 million in the corresponding period in 2022. At the same time, gross profit increased by 10 per cent for the three months, closing at $228.66 million.
Tropical Battery Company Limited (Tropical) has incorporated a new US-based subsidiary, Tropical Battery USA, LLC, to help with pushing the company's growth plans in the North American market.
The newly formed subsidiary, the company said, was established to serve as a key platform which will grant it access to online marketplaces such as e-commerce giant Amazon, with which it now has a fulfilment by Amazon (FBA) account.
Tropical Battery USA, LLC will serve as the key platform for the company’s foray into online marketplaces, starting with Amazon. Leveraging Amazon’s extensive reach, TROPICAL aims to introduce its top-quality products to millions of consumers across the United States, Canada, and Mexico.
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