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16 11, 2017

Overseas Headlines – November 16, 2017

2017-11-16T14:02:05-05:00

U.S.: U.S. Jobless Claims at Six-Week High Amid Holiday Volatility U.S. filings for unemployment benefits rose to a six-week high, a move that may partly owe to volatility around the Veterans Day holiday, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week ended Nov. 11) Jobless claims increased by 10k to 249k (est. 235k)

15 11, 2017

PIOJ’S PRESS BRIEFING July – September 2017

2017-11-15T22:00:10-05:00

The Planning Institute of Jamaica (PIOJ) Review of Economic Performance July - September 2017 According to the PIOJ, real GDP grew by 0.9% relative to the comparative quarter in 2016. This was attributed to an estimated increase of 1.1% in the Services Industry and 0.1% increase the Goods Producing Industry. Within the Goods Producing Industry,

15 11, 2017

GENAC reported a 75% decline in net profit for the nine months ended September 2017

2017-11-15T20:28:35-05:00

General Accident Insurance Company Limited (GENAC) For the year ended September 2017:- GENAC reported Gross premium written of $6.18 billion, 18% higher than the $5.23 billion reported for 2016. As a result, net premium written increased by 18% from $886.26 billion last year to $1.04 billion. Excess of loss reinsurance trended down by 1% to

15 11, 2017

PULS reported a 11% increase in net profit for first quarter ended September 2017

2017-11-15T17:43:36-05:00

Pulse Investments Limited (PULS) For the three months ended September 30, 2017 Operating Revenue has increased by $11.28 million to $119.38 million year to date relative to $108.10 million the prior year, this represents a 10% increase. Administrative and Other Expenses amounted to $46.27 million (2016: $44.55 million), an increase of 4%. As a result,

15 11, 2017

Overseas Headlines – November 15, 2017

2017-11-15T14:16:39-05:00

U.S.: U.S. consumer prices rise marginally, core CPI firming U.S. consumer prices barely rose in October as the boost to gasoline prices from hurricane-related disruptions to Gulf Coast oil refineries were unwound, but rising rents and healthcare costs pointed to a gradual buildup of underlying inflation. The Labor Department said on Wednesday its Consumer Price

15 11, 2017

JETCON reported 105% increase in net profit for nine months ended September 2017

2017-11-15T00:37:17-05:00

Jetcon Corporation Limited (JETCON) For the Nine months September 30, 2017 Turnover for the nine months grew by 45% to $886.55 million (2016: $611.11 million), while turnover for the quarter amounted to 333.22 million relative to $268.14 in 2016. Cost of Sales also increased by 39% to $703.68 million (2016: $505.383 million) and as a

15 11, 2017

ISP reported 36% increase in net profit for nine months ended September 2017

2017-11-15T00:32:23-05:00

ISP Finance Services Limited (ISP) Results for the Nine Months ended September 30, 2017:   For the nine months period ended September 30, 2017, ISP Finance Services Limited’s (ISP) Total Interest Income amounted to $210.70 million compared to $168.80 million in 2016, an increase of 25%. For the quarter, Total Interest income amounted to $74.91 million (2016:

15 11, 2017

ROC reported a 59% increase in net loss for nine months ended September 2017

2017-11-15T00:27:50-05:00

IronRock Insurance Company Limited For the nine months ended September 30, 2017: -   For the nine months, IronRock posted gross premium of $257.27 million relative $59.41 million; this represents a 333% increase. While for the third quarter gross premium was $83.93 million relative to $20.93 million for 2016. Change in gross provision for unearned

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