PROVEN reports 337% surge in six months net profit
November 13, 2019 Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN), for six months ended September 30, 2019 reported interest income of $13.81 million, a 3% decrease when compared with the $14.17 million reported for the same period in 2018. Interest income for the second quarter amounted to $6.91 million relative to $6.97 million for the second quarter ended September 30, 2018. Interest expense for the first six months amounted to $5.22 million, 43% higher when compared to the $3.64 million booked for the prior year. As such, net interest income for the period witnessed
SOS reports 24% increase in nine months net profit
November 12, 2019 Stationery and Office Supplies Limited (SOS) for the nine months period reported revenues of $933.22 million relative to $801.44 million in 2018, a 16% increase. For the third quarter, revenues grew by 5% to close the quarter at $294.67 million (2018: $281.51 million). The company highlighted that, “sales of SEEK product increased from $25M to $33M, a 30% increase during the back to school period.” The Company’s cost of sales totalled $467.04 million, up 18% relative to the $395.33 million reported in 2018. Cost of sales for the quarter rose by 11% to $150.65 million (2018: $135.71
Trade in Shares: Supreme Ventures Limited (SVL)
Date: November 12, 2019 Supreme Ventures Limited (SVL) has advised that a connected party purchased 26,300 SVL shares on November 6, 2019. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. 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 sources believed to be reliable, however its accuracy and completeness cannot be guaranteed.