May 17, 2018 Eppley Fund Managers Limited (“Eppley”), Fortress Fund Managers (“Fortress”) and Altman Real Estate (“Altman”) have completed their agreement signed in January 2018, pursuant to which Eppley has now assumed all investment management and advisory responsibilities for the Fortress Caribbean Property Fund Limited SCC. Following a special shareholders’ meeting held in February, the
Date: May 17, 2018 K.L.E. Group Limited (KLE), for the first three months ended March 31, 2018 reported Total Revenue of $51.38 million, a 4% increase when compared with the $49.40 million reported for the corresponding period of 2017. Gross Profit totaled $34.39 million, up 9% relative to the $33.88 million reported in 2017. This followed
May 17, 2018 United States: Treasury Yields Hit 3.1%; Customs Talk Roils Pound: Markets Wrap Ten-year U.S. Treasury yields hit 3.1 percent on Thursday, as global markets continue to grapple with the outlook for the world’s largest economy. The pound jumped but then erased the move amid conflicting reports over Britain’s future in the EU
May 16, 2018 Revenue increased $31.39 million year on year, closing the period at $313.23 million, up from $263.66 million in 2017. Administrative and Other Expenses increased 15%, closing the period at $140.83 million (2017:$122.11 million). As such, Operating Profit increased 22%, closing at $172.40 million (2017:$141.55 million). There was a Fair Value Appreciation on
Date: May 16, 2018 Elite Diagnostic Limited, for the nine months ended March 31, 2018 booked a 24% increase in revenue to total $219.91 million compared to $179.29 million for the same period in 2017. Revenue for the third quarter rose by 20% to $78.24 million (2017: $65.28 million). The company stated that this was
May 16, 2018 FosRich Company Limited (FOSRICH) for the three months ended March 31, 2018 booked an 8% decline in revenue to total $271.85 million compared to $294.51 million for the same period in 2017. Cost of sales for the year showed a reduction of 7%, moving from $155.51 million to $143.93 million. The Company
May 16, 2018 BANK OF JAMAICA LOWERS POLICY RATE Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight deposits with Bank of Jamaica) by 25 basis points to 2.50 per cent. This policy stance reflects the Bank’s assessment of inflation for the next four quarters and beyond.
Daily Market Summary 16.05.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
Date: May 16, 2018 Sagicor Group Jamaica Limited (SJ), for the three months ended March 31, 2018, reported total revenues increased by 5% to $15.82 billion from $15.08 billion in 2017, and was broken down as follows: Net investment income declined to $4.10 billion from $4.54 billion in 2017. SJ noted that this was due
May 16, 2018 Berger Paints Jamaica Limited (BRG) for the ended March 31, 2018 reported total Revenues of $506.10 million, a 13% increase relative to $449.70 million reported in for the comparable period in 2017. The company reported ‘changes in inventories of finished goods and work in progress’ declined 22% to 22.35 million from $28.64
