March 8,2018 Jamaica Broilers Group (JBG) for the nine months ended January 31, 2018 reported total revenues of $35.68 billion, an 11% increase relative to $32.12 billion reported in for the comparable period in 2017. Revenue for the third quarter amounted to $12.66 billion, an 8% increase compared to $11.69 billion booked for the corresponding
March 8,2018 For the three months ended January 31, 2018, Scotia Group Jamaica Limited’s (SGJ) Net Interest Income marginally increased by 0.16% to $6.64 billion, moving from $6.62 billion for the corresponding period in 2017, while Interest Expenses declined by 25.80% to total $850.34 million (2017:$1.15 billion). Interest Income for the period decreased from $7.77 billion
March 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,179.50 million as at February 2018, reflecting a decrease of US$23.86 million relative to the US$3,203.36 million reported as at the end of January 2018 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$28.38 million to total US$3,761.14 million compared
March 8,2018 United States: U.S. Stocks End Mixed as Trade War Concerns Ease: Markets Wrap U.S. stocks erased deep losses to end the day mixed as White House officials left open the possibility that President Donald Trump’s tariff proposals will spare neighbors from the most severe penalties. The dollar and Treasuries erased gains. The S&P
March 7, 2018 United States: CFO Optimism About U.S. Economy Rises to Record After Tax Cuts Chief financial officers in the U.S. are feeling better than ever in the wake of federal tax cuts enacted late last year. A measure of CFOs’ sentiment about the U.S. economy rose 2.6 points to a reading of 71.2
March 06,2018 Berger Paints Jamaica Limited (BRG) for the nine months ended December 30, 2017 reported total Revenues of $1.910 billion, a marginal decrease of 0.15% when compared with the $1.913 billion reported for the corresponding period in 2016. For the quarter, the company reported total revenue of $834.95 million, a 6.70% decrease relative to
March 6,2018 United States: Stock futures higher on signs North Korea open to talks U.S. stock futures pointed to a sharply higher opening on Tuesday after South Korea said it would hold its first summit in more than a decade with North Korea and that the latter was open to talks with the United States
March 5,2018 United States: Fed's Powell Says He Sees ‘No Evidence’ of Overheating in the U.S. Economy Federal Reserve Chairman Jerome Powell said he sees no signs the U.S. economy is overheating even as the outlook for growth strengthens and the labor market tightens. During congressional testimony Thursday, he reiterated the central bank will continue to
March 02, 2018 Kingston Wharves Limited (KW) for the year ended December 31, 2017 reported total revenue of $6.37 billion, a 17.7% or $959.3 million increase relative to the $5.41 billion recorded for the corresponding period in 2016. Revenue for the quarter amounted to $1.85 billion, an 18.8% increase relative to the $1.55 billion recorded
March 02,2018 Victoria Mutual Investments (VMIL) for the year ended December 31, 2017 reported total interest income of $735.67 million, a marginal increase of 0.4% relative to the $732.75 million recorded for the corresponding period in 2016. Interest expense for the period amounted to $488.68 million, relative to the $481.99 million recorded in 2016. As
