Date: July 20, 2018 Lasco Distributors Limited (LASD), for the three months ended June 30, 2018, posted a 4% growth in revenues to $4.28 billion, up from $4.13 billion in the corresponding period in 2017. Cost of sales amounted to $3.41 billion relative to the $3.31 billion posted for the prior year. Gross profit also
Date: July 20, 2018 United States: Trump Says He’s ‘Ready To Go’ With $500 Billion in Tariffs on All China Imports President Donald Trump said he’s "ready to go" with tariffs on $500 billion of Chinese imports, saying the U.S. has been taken advantage of for too long. "I’m not doing this for politics. I’m
Date: July 19, 2018 C2W Music Limited (C2W), revenue remained unchanged as zero returns were recorded for the three months ended March 31, 2018. C2W incurred US$9, 816 for total expenses, a 54% increase compared to US$6,394 last year for the comparable period. Consequently, C2W reported an operating loss for the quarter of US$11,311 by
July 19, 2018 Jamaica Stock Exchange (JSE) has advised that at a meeting of the Board of Directors held on July 19, 2018, the Directors declared an interim dividend of $0.164 per ordinary share payable to shareholders on record at August 3, 2018 to be paid on August 20, 2018. The ex-dividend date will be
Date: July 19, 2018 Jamaica Stock Exchange Limited (JSE) ,for the first six months ended June 30, 2018 recorded total revenue of $665.92 million, a 39% increase when compared to the $477.65 million booked the prior year’s corresponding period. For the second quarter the company reported a 34% increase in total revenue to close the quarter
Date: July 19, 2018 United States: Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’ Federal Reserve Chairman Jerome Powell said the central bank will continue to gradually raise interest rates “for now’’ to keep inflation near target amid a strong U.S. labor market. The Federal Open Market Committee, the Fed panel
July 18, 2018 GraceKennedy Limited (GK) has announced a round of restructuring activities starting July 2018. The Company has advised that it is taking a close look at overall organizational design, cost structure, and business processes at all levels to achieve sustainable efficiency, greater agility and revenue growth. GK has contracted a third party consulting
July 18, 2018 Ciboney Group Limited (CBNY) has advised that Finsac’s attempt in April 2018 to sell its 72% shareholding in the company was aborted and hence the prospect of achieving a change of ownership within the first quarter of the new financial year cannot now be achieved. Finsac has advised that it intends to
Date: August 31, 2018 Ciboney Group Limited (CBNY) presented the audited results for the year ended May 31, 2018 which higlighted financial income for the period totalled $1.72 million up from the $154,000 reported for the comparable quarter in 2017. Financial income for the quarter amounted to $39,000, a gross increase of 88% relative to
July 18, 2018 Medical Disposables & Supplies Limited (MDS) has advised that the Board of Directors will consider the payment of an interim dividend at the next meeting of the Board of Directors scheduled for Tuesday, July 31, 2018 and not Tuesday, July 24, 2018 as was previously mentioned.
