KW reports 34% increase in year end net profits attributable to shareholders
Date: March 02, 2020 Kingston Wharves Limited (KW) for the year ended December 31, 2019 reported total revenue of $7.90 billion, a 9% increase relative to the $7.25 billion recorded for the corresponding period in 2018. Revenue for the quarter amounted to $2.18 billion, a 9% growth relative to the $1.99 billion recorded for the same period in 2018. This as both the company’s ‘Terminal Operations’ and ‘Logistics & Ancillary Service’ segments reported increases. The ‘Terminal Operations’ which accounted for 73% of total revenues, increased 8% year over year to a total of $5.75 billion relative to $5.34 billion last
KPREIT reports 738% increase in year end net profit
March 02, 2020 Kingston Properties Limited reported Rental Income of USD$1.69 million, 7% more than the USD$1.57 million reported for 2018. Operating expenses remained relatively constant at USD$1.02 million relative to the USD$1.02 million posted for the same period last year. As such, Results of Operating activities before other gains amounted to USD$673,797, a 21% increase when compared to the USD$557,000 posted last year. Fair value gain on investment property totalled USD$1.61 million for the period relative to the previous year’s loss of USD$32,536. Miscellaneous Income amounted to USD$12,478 (2018: USD$3,806). Impairment losses on financial assets amounted to USD$9,481 relative to
tTech reports 10% decrease in year end net profit
March 02, 2020 tTech Limited (tTech) for the twelve months ended December 31, 2019; booked a 20% increase in revenues to $340.37 million compared to $283.92 million for the prior financial year. Revenue for the quarter closed at $78.28 million relative to $69.08 million in 2018. Cost of sales rose by 51% to $95.17 million from the $63.09 million reported for December 2018. Despite this, gross profit increased 11% for the year to $245.19 million (2018: $220.84 million). Gross profit for the quarter fell 2% to close at $57.99 million compared to $59.19 million booked for the corresponding quarter of