Tropical Battery Announces Board Changes

• Tropical Battery Company Limited announced the appointment of Mrs. Jody Gager-Rose as a new director to the Board of Tropical Battery Company Limited, effective August 8, 2024.
• Jody Gager-Rose is a distinguished finance professional with over 21 years of experience in accounting, including 9 years at a senior management level. She holds an MBA from Heriot Watt University and is a Fellow Chartered Certified Accountant (FCCA) and a Fellow of the Institute of Chartered Accountants of Jamaica (FCA).
• Jody’s expertise lies in International Financial Reporting Standards (IFRS), with a proven track record in preparing standalone and consolidated financial statements, particularly within the travel, leisure, and tourism sector.
• Her career highlights include her tenure as Chief Financial Officer, where she oversaw the accounting, purchasing, and IT departments. At a big four audit firm, Jody rose to the position of Director, where she supported audit business operations across the Caricom region.
• Tropical’s stock price has increased 24.6% since the start of the calendar year and closed at $2.43 on Tuesday, August 27th. At this price, it currently trades at a P/E of 15.38x earnings, which is below the junior market distribution sector average of 18.58x earnings.

(Sources: JSE & NCBCM Research)