MDS reports 35% decrease in six months net profit
November 11, 2019 Medical Disposables & Supplies Limited, for the six months ended September 2019 reported Revenue amounting $1.12 billion, an increase of 8%, relative to $1.04 billion booked the previous year. For the second quarter revenues totalled $565.04 million up 13% year over year (2018: $500.85 million). MDS noted, “This positive performance arose mainly from growth in sales in the pharmaceutical and medical segments with the new product lines showing encouraging results to the consumer segment.” Cost of sales went up 6% to close the period at $847.99 million relative to the $800.44 million reported for the same period
Special Advisory: Fosrich Company Limited (FOSRICH)
Date: November 11, 2019 Fosrich Company Limited (FOSRICH) has advised that the Company and Grace Kennedy (GK) Pension Scheme, managed by Investment Manager, Proven Wealth Limited (PWL), on November 5, 2019, signed a contract for financing FosRich’s expansion into a new warehousing facility which will be owned by GK Pension Scheme, and for which ground will shortly be broken at 76 Molynes Road in Kingston. For further information, please visit www.jamstockex.com 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
Special Advisory: Key Insurance Company Limited (KEY)
Date: November 11, 2019 Key Insurance Company Limited (KEY) has advised that the Board of Directors of KEY wishes to advise stakeholders of the Company that in view of exploratory discussions, a rights/capitalisation issue will form part of the agenda of a special board meeting that will be convened at 10:00 a.m. on Friday, November 15, 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