Amid a J$17-million loss for the first quarter, entertainment company KLE Group said it intends to grow its way into the local and international markets and solidify its financial position through strategic ventures, including franchising of its flagship brand.
The group, which recently launched a new nightclub in Portmore, said though regrettable, the losses are “nothing insur-mountable” and was “somewhat anticipated given the level of reorganizing undergone”.
“What we see playing out is what was projected, as the group continues the growth mode of developing new revenue streams and new business units,” KLE Group CEO Gary Matalon told the Financial Gleaner.
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