JP reports 66% rise in nine months net profit attributable to shareholders
Date: November 12, 2019 Jamaica Producers Group Limited (JP), for the nine months, experienced a 8% increase in revenue to total $15.38 billion compared to the $14.25 billion reported in 2018. The Company posted 5% increase in third quarter revenue to $5.23 billion (2018: $4.96 billion). The Food & Drink Division contributed a 9% increase in revenue to total $9.04 billion relative to the $8.31 billion reported in 2018. The Company highlighted that, “During the third quarter and year-to-date, the Division benefitted from a strong result in our European juice business, improved yields on our banana farms in Jamaica and
BRG reports 7% decline in nine months net profit
November 12, 2019 Berger Paints Jamaica Limited (BRG),for the nine months ended September 30, 2019, reported total revenues of $1.63 billion, a 6% decrease relative to $1.73 billion reported in for the comparable period in 2018. Total revenues for the quarter totalled $534.20 million, 12% less than the $607.83 million booked in 2018. Management noted that, “revenue for the period was mainly impacted by the adverse weather conditions experienced in the quarter, that resulted in delays in construction projects.” ‘Changes in inventories of finished goods and work in progress’ dropped to $135.98 million relative to $182.61 million reported in
KW reports 29% increase in nine months net profits attributable to shareholders
Date: November 12, 2019 For the nine months ended September 30, 2019, Kingston Wharves’ revenue totaled $5.72 billion a 9% increase when compared to $5.26 billion for the corresponding period of the prior year, while revenue for the second quarter grew 3% to $1.92 billion (2018: $1.87 billion). This as both the company’s ‘Terminal Operations’ and ‘Logistics & Ancillary Service’ segments reported increases. The ‘Terminal Operations’ which accounted for 80% of total revenues, increased 6% year over year to a total of $4.56 billion relative to $4.28 billion last year. According to KW, “The Terminal Operations Division contributed significantly to the