Featured Stock: SALF
Date: November 18, 2019 Kindly click the link below to view today's featured stock. Weekly Picks 18.11.19 SALF 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 of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report. Company Disclosure -The information contained herein has been obtained from
RJR reports six months net profit attributable to shareholders of $10.56 million
Date: November 15, 2019 For the six months ended September 2019, Radio Jamaica Limited’s (RJR) revenues increased by 2% from $2.71 billion in 2018 to $2.75 billion. For the quarter, revenues closed at $1.39 billion (2018: $1.36 billion), representing a 3% growth. RJR indicated that, “this was largely due to the performance of the Audio-Visual segment of the business.” Direct expenses declined 11% to $1.34 billion, this compares to the prior year’s figure of $1.50 billion. For the quarter, direct expenses went down by 9% amounting to $679.34 million (2018: $746.92 million). The company stated that, “this was mainly due
CFF reports 32% decline in nine months net profit
Date: November 15, 2019 Caribbean Flavours and Fragrances, for the nine months ended September 30, 2019, reported revenues of $358.44 million (2018: $329.57 million). For the quarter, revenue amounted to $132.11 million, an increase of 10%, when compared with the $120.14 million booked last year. CFF noted, “this was driven by seasonal demands from our customers but we expect to see improvements in sales in the upcoming final quarter of this financial year.” The Company also noted, “sales continue to be trending in the right direction despite lower than anticipated sales of some new products. Our sugar reduction solution has