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19 03, 2019

Production in construction down by 1.4% in euro area

2019-03-19T17:09:07-05:00

Date: March 19, 2019 Seasonally adjusted production in the construction sector decreased by 1.4% in the euro area (EA19) and remained unchanged in the EU28 In January 2019 compared with December 2018. According to Eurostat’s first estimates stated In December 2018, “production in construction grew by 1.1% in the euro area and fell by 0.2%

15 03, 2019

SGJ reports 32% decrease in first quarter net profit

2019-03-15T21:19:50-05:00

Date: March 15, 2019 Scotia Group Jamaica Limited’s (SGJ) Net Interest Income decreased by 7% to $6.20 billion, moving from $6.64 billion for the corresponding period in 2018. Interest Expenses declined by 19% to total $685.61 million (2017: $850.34 million). Interest Income for the period decreased from $7.49 billion in 2018 to $6.88 billion. According to

15 03, 2019

MEEG records 4% decrease in first quarter net profits

2019-03-15T21:13:11-05:00

Date: March 15, 2019 Main Events Entertainment Group  reported revenue of $457.69 million, 27% higher than the $361.41 million booked in 2018. Management attributed the performance to, “increased opportunities in our business.” Cost of Sales increased 30% to close at $260.57 million (2018: $200.93 million), This resulted in Gross profit increasing by 23%, amounting to

14 03, 2019

Gas Price Movement- March 14, 2019

2019-03-14T20:54:44-05:00

Brent Oil Brent oil prices increased by 1.28% or US$0.85, as prices increased this week relative to the prior week. Oil traded on March 14, 2019 at a price of US$67.15 per barrel relative to US$66.30 on March 7th, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices decreased

13 03, 2019

LASCO Manufacturing makes room for increased productivity

2019-03-13T16:25:57-05:00

Date: March 13, 2019 Kingston, Jamaica: LASCO Manufacturing Limited (LASM) recently completed the construction of a 65,000-square-foot warehouse at its White Marl complex at an approximate cost of US$5.2 million. The new warehouse is annexed to LASCO’s liquid beverage manufacturing operations and provides storage space for raw and packing materials as well as finished products.

12 03, 2019

GraceKennedy (GK) targets $100 billion-mark in revenues for 2019

2019-03-12T21:42:18-05:00

Date: March 12, 2019 Highlights of GK’s recent financials for the year ended December 31, 2018 and plans for the upcoming financial year were provided at its’ Investor briefing by Group’s Chief Executive Officer (CEO), Mr. Don Wehby and Group’s Chief Financial Officer, Mr. Frank James. The Group showcased the following highlights for 2018:  Applied

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