Board Resignation/Board Appointment: Carreras Limited (CAR)
Date: December 04, 2019 Carreras Limited (CAR) has advised of the resignation of Mr. Marcus Steele as Managing Director of the Company effective January 31, 2020. CAR has further advised that Mr. Raoul Glynn has been appointed Managing Director designate effective February 1, 2020. Mr. Glynn has also been appointed to the Board of Directors of the Company effective February 1, 2020. For further information, please visit www.jamstockex.com Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date
BPOW reports 4% decrease in six months net profits
December 03, 2019 Blue Power Group Limited (BPOW), for the six months ended October 31, 2019 booked a 14% decrease in revenue to total $231.43 million compared to $270.40 million for the corresponding period in 2018. Revenue for the quarter totalled $112.75 million, 15% below last year’s corresponding quarter of $132.59 million. BPOW highlighted, “With effect from August 1, Blue Power Group Ltd. will report on Blue Power Group results excluding the former Lumber Depot division. Blue Power Group’s revenue is derived from manufacturing activities, rental of property and provision of management services to Lumber Depot Limited. At the same time
SALF reports 36% decrease in year end net profit
December 03, 2019 Salada Foods Jamaica Limited (SALF), for the year ended September 30, 2019 recorded a 7% increase in turnover to close at $1.11 billion (2018: $1.04 billion). The movement occurred, “despite a challenging first quarter as operations were impacted due to a boiler accident,” as noted by the SALF. For the fourth quarter, revenue amounted to $344.01 million (2018: $292.79 million), a 17% rise year over year. SALF also noted that, “Exports also performed well, growing by 10% above prior year. Domestic sales grew by 6% above prior year to $739 million.” Cost of sales for the year increased