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17 02, 2020

Overseas Headlines- February 17, 2020

2020-02-17T08:39:19-05:00

February 17, 2020 United States: Trump Goes Orthodox With His Trade Re-Election Pitch “President Donald Trump’s place in the history books is likely to be that of the iconoclastic disruptor. He was elected in 2016 promising an economic agenda meant to give mainstream practitioners and policy makers tariff-derived palpitations. And by and large — on trade,

14 02, 2020

EPLY reports 31% increase in year end net profit

2020-02-14T21:54:09-05:00

February 14, 2020 Eppley Limited for the year ended December 31, 2019 reported interest income of $370.89 million a 16% or $51.70 million increase when compared $319.19 million recorded for the corresponding period in 2018. Total interest income for the quarter amounted to $101.37 million a 20% increase when compared to the $84.77 million recorded

14 02, 2020

SML reports 87% decline in year end net profit

2020-02-14T21:48:50-05:00

February 14, 2020 Stanley Motta Limited (SML) for the year ended December 31, 2019, booked a 55% increase in revenue to total $418.56 million compared to $269.76 million for the same period in 2018. SML indicated that, “This is due to the 100% occupancy of all rentable space for the full year”. For the quarter,

14 02, 2020

Wisynco reports 14% increase in six months net profit

2020-02-14T21:44:48-05:00

February 14, 2020 Wisynco Group Limited (WISYNCO), for the six months ended December 31, 2019, reported total revenue of $17.11 billion, a 28% or $3.76 billion increase when compared with the $13.35 billion reported for the same period in 2018. Total revenues for the quarter amounted to $8.49 billion reflecting an increase of 25% over

14 02, 2020

CHL posts 49% increase in first quarter net profit

2020-02-14T21:39:32-05:00

February 14, 2020 Cargo Handlers Limited (CHL), for the three months ended December 31, 2019  reported revenue of $87.11 million, a 17% lower than the $104.87 million booked in 2018. Cost of sales closed at $1.70 million (2018: $3.30 million). As a result, gross profit amounted to $85.40 million compared to $101.57 million in the

14 02, 2020

Sygnus reports 71% increase in six months net profit

2020-02-14T21:36:04-05:00

February 14, 2020 In United States dollars (except where it is indicated otherwise): Sygnus Credit Investments Limited, for the six months ended December 31, 2019, reported Interest Income of US$2.47 million 69% increase on the US$1.46 million recorded in 2018. For the quarter, Interest Income rose 57% to US$1.35 million (2018: US$856,155). Interest expense amounted

14 02, 2020

CAR reports 4% decline in nine months net profit attributable to shareholders

2020-02-14T21:16:21-05:00

February 14, 2020 Carreras Limited (CAR), for the nine months ended December 31, 2019 reported Operating Revenue of $10.28 billion, 4% more than the $9.86 billion booked in 2018. Revenue for the quarter increased by 2% compared to the corresponding quarter moving to $3.64 billion in 2019 from $3.55 billion in 2018. Cost of Operating Revenue

14 02, 2020

GWEST reports $63.15 million net loss for the nine months ended December 2019

2020-02-14T21:00:57-05:00

February 14, 2020 GWEST Corporation Limited (GWEST), for the nine months ended December 31, 2019 booked Total revenue of $101.83 million, an increase of 13% when compared with the $90.08 million booked last year. Revenue rose by 2% or $535,000 for the third quarter, amounting to $32.92 million (2018: $32.38 million). The company highlighted that “Our

14 02, 2020

HONBUN reports 29% increase in first quarter net profit

2020-02-14T20:50:15-05:00

February 14, 2020 Honey Bun (1982) Limited, for the quarter ended December 31, 2019, recorded a 14% increase in revenue to total $422.47 million (2018: $369.01 million). The company stated that, “ this was due to increased capacity and new markets penetration.” Cost of sales for the period increased by 9% to close the quarter at

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