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16 05, 2018

SIL reports 35% increase in first quarter net profit

2018-05-16T18:58:08-05:00

May 16,2018 Sterling Investments Limited (SIL) for the three months ended March 31, 2018, reported a 4% decline in total revenue to $31.44 million compared to $32.59 million recorded for the corresponding period in 2017. Of total revenue: Interest income closed the period at $20.97 million, up 15% from the $18.16 million for the comparable

16 05, 2018

JP reported a 24% increase in 1Q net profit

2018-05-16T18:47:37-05:00

May 16, 2018 For first quarter ended March 31, 2018, Jamaica Producers Group Limited (JP) experienced a 31% increase in revenue to total $4.48 billion compared to the $3.41 billion reported in 2017. The revenues generated by the various segments are as follows: JP Food & Drink division posted revenues of $2.64 billion relative to

16 05, 2018

XFUND records a 9% drop in first quarter net profit

2018-05-16T18:28:20-05:00

            May 16, 2018 Total Revenue for the quarter ended March 31, 2018 grew 7% to $3.39 billion (2017: $3.16 billion). Hotel revenue for the quarter  increased to $3.29 billion relative to $2.90 billion in 2017. Interest Income decreased 15% to close at $6.97 million (2017: $8.23 million), while net

16 05, 2018

ISP reports a 11% increase in first quarter net profits

2018-05-16T18:17:07-05:00

Date: May 16, 2018 ISP Finance Services Limited’s (ISP), for the three months ended March 31, 2018 reported Total Interest Income amounting $70.46 million compared to $65.53 million in 2017, an increase of 8%. Total income is broken down as follows: Interest Income from Loans grew by 9% to total $70.38 million relative to $64.28 million

16 05, 2018

DTL reports 29% increase in net profit for 1Q, 2018

2018-05-16T20:34:36-05:00

May 16, 2018 Derrimon Trading Limited (DTL) grew its Trading Income by 27%, to end the quarter at $1.94 billion compared to the $1.53 billion for the first quarter of 2018. Cost of Sales increased by 27%% to $1.59billion for the period (2017: $1.25 billion). As a result, Gross Profit amounted to $353.48 million relative

16 05, 2018

GENAC reports 67% increase in first quarter net profits

2018-05-16T17:28:20-05:00

Date: May 16, 2018 General Accident Insurance Company Limited (GENAC), for the three months ended March 31, 2018 reported Net Premium Written of $430.59 million for the first quarter of the 2018 financial year, a 25% increase from the $344.45 million reported in 2017. This increase was driven by 12% increase in Gross Premium Written

16 05, 2018

SEP netted 27.58% increase in first quarter profit

2018-05-16T16:49:28-05:00

May 16, 2018 Revenue totalled $4.95 billion compared to the $4.25 billion recorded for the same period of the prior financial year; this represents a 16.47% increase year over year. Cost of Sales increased by 8.81% from $3.19 billion to $3.47 billion resulting in Gross Profits increasing by 39.57% to close at $1.48billion (2017: $1.06

16 05, 2018

CFF increased net profit by 6% for nine month ended March 2018

2018-05-16T16:37:54-05:00

May 16, 2018 For the nine months ended March 31, 2018, Caribbean Flavours & Fragrances Limited’s (CFF) revenue increased by 1% to $302.98 million relative to $300.67 million for the comparable period in 2017. For the quarter, the Company generated gross revenue of $88.72 million, a marginal increase year over year. Cost of sales also increased

16 05, 2018

Overseas Headlines – May 16, 2018

2018-05-16T13:12:14-05:00

May 16, 2018  United States: U.S. Economic Rebound More Tangible After Retail Data, Fed Gauge Forecasts for a second-quarter rebound in the U.S. economy became more of a reality on Tuesday. Consumers shrugged off rising gasoline prices last month, as U.S. retail sales rose in broad fashion amid a boost to paychecks from tax cuts,

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