Acado Limited posted a US$8 million gain on the acquisition of the Jamaica operations of Massy Distribution Limited, a deal that gave it near-total control of the local insulin market, subject to a regulatory divestment order.

“The group has delivered a strong performance in the first half of the financial year,” stated the preface to the results signed by Goddard Chair John Williams and Managing Director Anthony Ali. “Acado being the second-highest contributor to the group’s bottom line.”

Acado is the 50-50 joint venture between Barbados-based Goddard Enterprises Limited and Trinidad and Tobago-based Agostini. The company was formerly called Caribbean Distribution Partners Limited.