Sweet River Abattoir & Supplies Company Limited (SRA) for the six months ended September 30, 2017: recorded a 7% decline in revenue to $165.45 million relative to $178.23 million in the same period in 2016. Revenue for the quarter declined 31% to close at $73.70 million relative to $107.23 million. SRA indicated, “this decrease was
U.S.: Dollar slips on fears over U.S. tax reform delay The dollar slipped against most major currencies on Wednesday, weighed down by worries over possible delays to Donald Trump’s tax reform plan and evidence of the U.S. president’s waning popularity. The greenback had risen to a 3-1/2-month high against a basket of currencies in recent
Sagicor Group Jamaica Limited (SJ) for the nine months ended September 30, 2017 reported an 18% increase total revenues to $53.53 billion from $45.33 billion in 2016, while for the third quarter Total Revenues were up 42% to total $23.18 billion compared to $16.32 billion in 2016.Total revenue was broken down as follows; Net premium
Dollar Gains as Treasury Yields Rise; Stocks Drift: Markets Wrap The dollar strengthened and U.S. Treasury yields rose as President Donald Trump called on North Korea to “make a deal” on its missile and nuclear program. European stocks fluctuated near a two-year peak following record gains in Asian markets. The Stoxx Europe 600 Index steadied,
AMG Packaging and Paper Company Limited (AMG) for the year ended August 2017 recorded turnover in the amount of $660.25 million (2016: $628.67 million), an increase of 5% when compared to 2016, while for the quarter turnover was up 5% to close at $173.23 million (2016: $165.36 million). Management noted, “it was another challenging year
Tania, Mayberry’s Senior Vice President of Investment Banking, has significant experience in mergers and acquisitions, initial public offerings, private placements, divestitures and general corporate advisory services. She is currently a non-executive director of: Derrimon Trading Company Limited, Express Catering Limited and Main Event Entertainment Group Limited, as well as a mentor for Caribbean Flavours and
Lasco Manufacturing Limited (LASM) for the six months ended September 30, 2017 recorded a decrease in total revenue of $456.73 million or 12% to total $3.50 billion, relative to the $3.95 billion recorded for the comparable period in 2016. Revenue for the quarter amounted to $1.99 billion, approximately 11% below the $2.22 billion documented for
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U.S.: New York Fed President Dudley to Retire in Mid-2018 Federal Reserve Bank of New York President William Dudley plans to retire in the middle of next year, signaling the departure of an influential, crisis-tested policy maker that will widen the leadership overhaul at the U.S. central bank. The New York Fed said in a
The economy continues to add to the number of persons in the labour force. Based on a report released by the Jamaica Statistical Institute of Jamaica (STATIN), as at July 2017, the labour force comprised of 1,371,200 persons compared to 1,363,200 persons recorded in July 2016. The number of males in the labour force increased
