ISP reports 54% increase in nine months net profit
November 15, 2019 ISP Finance Services Limited’s (ISP) total interest income amounted to $275.85 million compared to $213.76 million in 2018, an increase of 29%. For the quarter, total interest income amounted to $93.82 million (2018: $69.63 million). Of this : Interest income from loans grew by 29% to total $275.85 million relative to $213.49 million reported in the same period of 2018. Interest income receivables fell, amounting to $174 (2018: $269,371 million). Interest expense totaled $22.36 million relative to $16.92 million in 2018; this represents a 32% growth. As a result, net interest income grew by 29% to total $253.48
DCOVE reports a 28% decline in Nine Months Net Profit
November 15, 2019 Dolphin Cove Limited (DCOVE), for the nine months ended September 30, 2019 reported total revenue of US$11.63 million, relatively unchanged when compared to US$11.62 million booked the year prior. Total revenue for the quarter amounted to US$3.79 million (2018: US$3.89 million). According to the company, “during the nine months to September the Tour Operator Market showed a recovery in production (+7%) with significant improvement on the Montego Bay area. We also achieved improved performance in sales at Yaaman Adventure Park from this same market as this product becomes established. However, the arrivals of ships to the Falmouth Port
GWEST reports six month net loss of $42.21 million
November 15, 2019 GWEST Corporation Limited (GWEST), for the six months ended September 2019 reported revenue of $68.91 million, an increase of 20%, when compared with the $57.21 million booked last year. Revenue for the quarter totalled $35.44 million up 12% year over year (2018: $31.72 million). Cost of sales fell 11% to total $18.46 million relative to the $20.72 million reported for the same period last year. GWEST highlighted that “the increase in cost of sales for the quarter is as a result of the timing differences in the accrual medical expenses, which we expect to level out in