November 14, 2019 United States: Powell Satisfied With Current Fed Interest Rates But Flags Risks “Federal Reserve Chairman Jerome Powell stuck to his view that interest rates are probably on hold after three straight reductions, while signaling that the U.S. central bank could resume cutting if the growth outlook falters. “We see the current stance
November 14, 2019 IronRock Insurance Company Limited, for the nine months ended September 30, 2019 posted gross premium of $474.61 million relative $381.51 million reported in 2018; this represents a 24% increase year over year. For the third quarter, gross premium was $156.06 million relative to $99.40 million for 2018, up 57%. Proportional reinsurance amounted
November 13, 2019 PANJAM Investment Limited (PJAM), for nine months ended September 30, 2019 reported a 31% increase in total income to $3.50 billion relative to $2.68 billion booked for the prior year’s corresponding period. For the quarter, total income decreased 23% to close at $1.20 billion (2018: $1.56 million). Of total income: Investment income
Date: November 14, 2019 Seprod Limited (SEP) posted revenue totalling $24.80 billion compared to $14.70 billion recorded for the same period of the prior financial year, representing a 69% increase year over year. Seprod noted, “This was driven primarily by the acquisition of the Facey Consumer Division in Q4 2018 and by an increase in
November 14, 2019 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ), for the first three months ended September 30, 2019 reported that revenues increased by 11%, to close the period at $27.08 million compared to the $24.31 million for the same period last year. According
Date: November 14, 2019 Consolidated Bakeries (Jamaica) Limited (PURITY) recorded a 10% increase in revenue to $786.72 million from $716.45 million reported for the corresponding period in 2018. For the third quarter, the company recorded a revenue of $238.05 million (2018: $223.92 million), representing a 6% growth. Cost of sales for the period rose by
November 14, 2019 Everything Fresh Limited (EFRESH), for the nine months ended September 30, 2019, Revenue grew by 18% amounting to $1.64 billion, up from $1.39 billion reported a year ago. The third quarter reported revenues of $525.17 million, a 24% increase when compared to the $421.96 million for the corresponding period last year. Cost
Date: November 14, 2019 Derrimon Trading Limited (DTL), for the nine months ended September 30, 2019, reported consolidated trading income of $9.53 billion, an increase by 50% when compared to the $6.34 billion booked in 2018. For the quarter, the Company reported a 36% increase in trading income totalling $2.96 billion relative to $2.18 billion
November 14, 2019 The Palace Amusement Company (1921) Limited (PAL), for the three months ended September 30, 2019, booked a 37% improvement in revenue to $369.99 million (2018: $269.38 million), while direct expenses increased by 41% to $304.90 million (2018: $215.79 million). As a result, gross profit rose by 21% to $65.09 million (2018: $53.59
Date: November 14, 2019 Kingston Properties Limited (KPREIT) for the nine months ended September 30, 2019, reported rental income of $168.08 million, 10% more than the $152.35 million reported for 2018. However, for the quarter, there was a 23% increase from $44.78 million in 2018 to $55.22 million in 2019. KPREIT mentioned that, “The improvement
