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8 11, 2017

SRA reports a 56% decline in six months net profit

2017-11-08T15:44:13-05:00

Sweet River Abattoir & Supplies Company Limited (SRA) for the six months ended September 30, 2017: recorded a 7% decline in revenue to $165.45 million relative to $178.23 million in the same period in 2016.  Revenue for the quarter declined 31% to close at $73.70 million relative to $107.23 million. SRA indicated, “this decrease was

8 11, 2017

Overseas Headlines – November 08, 2017

2017-11-08T13:31:46-05:00

U.S.:  Dollar slips on fears over U.S. tax reform delay The dollar slipped against most major currencies on Wednesday, weighed down by worries over possible delays to Donald Trump’s tax reform plan and evidence of the U.S. president’s waning popularity. The greenback had risen to a 3-1/2-month high against a basket of currencies in recent

7 11, 2017

SJ records 23% increase in nine months net profit

2017-11-07T18:44:51-05:00

Sagicor Group Jamaica Limited (SJ) for the nine months ended September 30, 2017 reported an 18% increase total revenues to $53.53 billion from $45.33 billion in 2016, while for the third quarter Total Revenues were up 42% to total $23.18 billion compared to $16.32 billion in 2016.Total revenue was broken down as follows; Net premium

7 11, 2017

Overseas Headlines – November 07, 2017

2017-11-07T13:41:32-05:00

Dollar Gains as Treasury Yields Rise; Stocks Drift: Markets Wrap The dollar strengthened and U.S. Treasury yields rose as President Donald Trump called on North Korea to “make a deal” on its missile and nuclear program. European stocks fluctuated near a two-year peak following record gains in Asian markets. The Stoxx Europe 600 Index steadied,

6 11, 2017

AMG reports a 56% decline in year end profit

2017-11-06T22:33:16-05:00

AMG Packaging and Paper Company Limited (AMG) for the year ended August 2017 recorded turnover in the amount of $660.25 million (2016: $628.67 million), an increase of 5% when compared to 2016, while for the quarter turnover was up 5% to close at $173.23 million (2016: $165.36 million). Management noted, “it was another challenging year

6 11, 2017

Special Advisory: Jamaican Teas Limited (JAMT)

2017-11-06T20:19:25-05:00

Jamaican Teas Limited (JAMT) has advised that its 8.5% Fixed and Floating Rate Secured Corporate Note (Note) will be fully redeemed on November 6, 2017.  Consequently, trading in the Note will be suspended on November 6, 2017 and not thereafter be resumed.  The security will be subsequently delisted.

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