NCB Financial Group (NCBFG) held its second investor briefing for the calendar year where Group Finance and Deputy Managing Director, Mr. Dennis Cohen, and Group Managing Director Mr. Patrick Hylton, reviewed the third quarter performance ended June 30, 2017. NCBFG recorded net profits of $14.72 billion for the nine months ended June 30, 2017, a
Knutsford Express Services Limited (KEX) for the year ended May 31, 2017 reported total revenue of $752.40 million, a 290% or $167.91 million increase when compared with the $584.49 million reported for the prior financial year. Revenue for the quarter amounted to $199.73 million, an increase of 69% from the $118.14 million for the same
Grace Kennedy Limited (GK) for the six months ended June 30, 2017 reported total revenue of $46.37 billion (2016: $44.12 billion), a year over year increase of 5%. The biggest contributor to the group’s overall revenue for the six months was income from the ‘Food Trading’ segment which contributed a total of $36.29 billion (2016:
The Federal Reserve issued its Federal Open Market Committee (FOMC) statement today. Information received since the Board of Governors of the Federal Reserve System last met in June points to further strengthen in the labor market while economic activity has moderately increased since the start of the year. According to the statement, “Job gains have
Consumer confidence in the U.S. moved to a near 16 year high in July amid optimism over the labour market. The Conference Board said its consumer confidence index surged to 121.1 this month from 117.3 in June. The rise in confidence came despite the healthcare impasse in Washington. “Consumer confidence increased in July following a
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U.S. All import prices slid 0.2% in June, the second consecutive decline driven by lower fuel prices. Although there was a recorded decline in June, U.S. imports increased 1.5% over the previous 12 months according to the Bureau of Labor Statistics (BLS). The price index for fuel imports declined for the fourth month in a
The Jamaican Economy expanded by 0.1% for the first quarter of 2017 relative to the corresponding quarter of 2016. The growth resulted mainly from improvements in the Services industries which increased by 0.4%. The overall Goods Producing industries posted a decline in the period despite gains by the Manufacturing and Construction industries. The Goods Producing
Caribbean Cream Limited (KREMI) for year ended May 31, 2017, reported a 1% increase during the quarter totaling $319.10 million compared to $315.26 million in the corresponding period last year. According to the company, “sales were affected by the reduction in demand due to adverse weather conditions (rain & flooding) existing in the 1st Quarter of
Caribbean Cement Company Limited (CCC) today held their 68th Annual General Meeting at the Spanish Court Hotel. Following the chairman’s opening remarks, the company’s General Manager, Peter Donkersloot Ponce, who was appointed on November 7, 2016, presented on CCC’s 2016 year in review. CCC reported a significant decline in ‘total loss and injuries” and total recordable
