KLE reports $3.99 million for Nine Months Net Loss
November 15, 2019 K.L.E. Group Limited (KLE), for the nine months ended September 30, 2019 reported Revenue of $153.89 million, relative to $156.66 million last year, a 2% decline. For the third quarter, revenue totalled $52.02 million, relative to $52.63 million last year, a 1% decline. Cost of sales contracted by 10% to $46.28 million (2018: $51.22 million) for the period. As such, Gross Profit for the period increased by 2% to $107.61 million relative to $105.43 million last year. Gross profit for the quarter amounted to $35.10 million (2018: $37.31 million). Other operating income for the period decreased by
EPLY reports 36% increase in nine months net profit
November 15, 2019 Eppley Limited (EPLY), for the nine months ended September 30, 2019, reported Interest Income for the period of $269.52 million relative to $234.42 million the previous year, a 15% increase. While for the third quarter interest income amounted to $89.85 million relative to $84.61 million in 2018. Interest Expenses amounted to $146.69 million, up 15% from $127.58 million for the corresponding period in 2018. While, for the quarter, interest expense closed at $51.56 million (2018: $44.59 million). Consequently, net interest income rose 15% to $122.83 million, up from $106.83 million in the corresponding period of 2018.
GENAC reports 34% increase in nine months net profit
November 15, 2019 General Accident Insurance Company Limited (GENAC), for the nine months ended September 30, 2019, reported Gross premium written of $8.94 billion, 21% higher than the $7.40 billion reported for 2018. Excess of loss reinsurance went up to $99.63 million, from $70.38 million reported in 2018 while Reinsurance ceded amounted to $7.20 billion relative to $6.01 billion in 2018, a 20% increase year over year. As a result, net premium written increased by 25% from $1.32 billion last year to $1.64 billion in 2019. Net premium written for the third quarter amounted to $595.98 million relative to $478.73 million