CPJ reports US$258,201 Net Loss Attributable to Shareholders for the First Quarter
November 14, 2019 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ), for the first three months ended September 30, 2019 reported that revenues increased by 11%, to close the period at $27.08 million compared to the $24.31 million for the same period last year. According to the Company “the first quarter is traditionally considered a soft quarter based on tourist arrivals. The group increased market share with new hotel contracts and exceeded projections for the period.” Moreover, Management further stated that, “the robust growth in sales revenue and return to
PURITY reports 33% decline in nine months net profit
Date: November 14, 2019 Consolidated Bakeries (Jamaica) Limited (PURITY) recorded a 10% increase in revenue to $786.72 million from $716.45 million reported for the corresponding period in 2018. For the third quarter, the company recorded a revenue of $238.05 million (2018: $223.92 million), representing a 6% growth. Cost of sales for the period rose by 11% to close at $484.67 million (2018: $435.08 million), leading to a gross profit of $302.04 million (2018: $281.37 million). Within the quarter, PURITY recorded cost of sales of $145.39 million, up 6% relative to $136.94 million booked at the end of the third quarter
EFRESH reports $40.07 million Net Loss for Nine Months Ended
November 14, 2019 Everything Fresh Limited (EFRESH), for the nine months ended September 30, 2019, Revenue grew by 18% amounting to $1.64 billion, up from $1.39 billion reported a year ago. The third quarter reported revenues of $525.17 million, a 24% increase when compared to the $421.96 million for the corresponding period last year. Cost of sales closed the period at $1.43 billion (2018: $1.22 billion) which translated into a 21% improvement in the company’s gross profit to $204.10 million (2018: $168.47 million). For the third quarter, gross profit increased significantly by 156% to $73.18 million in 2019 relative to