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.
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
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
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
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
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
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
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
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
