October 16, 2019 Knutsford Express Services Limited (KEX), for the three months ended August 31, 2019 reported total revenue of $324.52 million, an 11% or $31.59 million increase when compared with the $292.93 million reported for the same period in 2018. KEX noted, “this was due to continued demand for our transport services.” Administrative and general
October 16, 2019 Caribbean Cream Ltd. (KREMI) for six months ended August 31, 2019 reported a 5% increase in revenue totalling $839.96 million compared to $799.51 million in the corresponding period last year. Revenue for the second quarter rose 9% to close at $422.30 million compared to $387.76 million for the comparable quarter of 2018.
October 16, 2019 United States: U.S. Retail Sales Unexpectedly Drop in Sign Consumer Shaky “U.S. retail sales unexpectedly posted the first decline in seven months, suggesting consumers are starting to become shaky as the main pillar of economic growth and potentially bolstering the case for a third straight Federal Reserve interest-rate cut. Treasuries rose and
Date: October 15, 2019 Access Financial Services Limited (AFS) has advised of the appointment of Mr. Frederick Williams to the position of Chief Operating Officer effective October 7, 2019. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that
Date: October 15, 2019 Sagicor Group Jamaica Limited (SJ) has advised that a Senior Officer sold 81,589 SJ shares on October 8, 2019. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was,
Date: October 15, 2019 Barita Investments Limited (BIL) has advised that a Director and two connected parties purchased a total of 2,939,469 BIL shares during the period October 7 to 8, 2019. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s)
October 15, 2019 Express Catering Limited’s (ECL), for the three months ended August 31, 2019, revenues increased by 12% for the period to US$4.54 million (Q1 2018: US$4.06 million). Cost of sales (COS) increased by 13% for the period to US$1.23 million (Q1 2018: US$1.09 million). As a result gross profit increased year-on-year for the
October 15, 2019 Margaritaville (Turks) Limited (MTL) for the three months ended August 31, 2019 reported revenues which increased by 12% for the period to US$2.03 million (2018: US$1.82 million). The company commented that revenue was, “earned from the 282,040 passengers that arrived at the port during the period resulting in a spend-per-passenger of US$7.21.” Cost
October 15, 2019 United States: Fed’s Bullard Wants Rate Cuts Considered Amid Downside Risks “Federal Reserve policy maker James Bullard said his colleagues should think about cutting interest rates again to guard against threats to the economy such as the U.S.-China trade dispute. While declining to predict the outcome of this month’s meeting, the Federal
Date: October 14, 2019 Palace Amusement Company (1921) Limited (PAL) has advised that at a meeting of its Board of Directors held on Tuesday, October 8, 2019, it was decided that having heavily invested for the long-term benefit of the Shareholders in a new cinema in Portmore, “Sunshine Palace”, there will be no recommendation to
