SVL reports 16% increase in nine months net profit
November 1, 2019 Supreme Ventures Limited (SVL), for the nine months ended September 30, 2019, reported a 16% increase in ‘Total Gaming Revenue’ from $24.25 billion in 2018 to $28.06 billion in 2019. For the quarter, ‘Total Gaming Revenue’ closed at $9.45 billion (2018: $8.13 billion). “Lotteries, PINs, Sports Betting and Horseracing recorded double digit increases whereas VLTs showed a marginal decline when compared to Q3, 2018,” SVL noted. The company also noted, “ this sustained revenue growth has been a result of several drivers: our strong performance from our lottery portfolio which continues to perform above target due to
Special Advisory: Scotia Group Jamaica Limited (SGJ)
Date: November 01, 2019 Scotia Group Jamaica Limited (SGJ) has announced that The Bank of Nova Scotia Jamaica Limited (“Scotiabank Jamaica”) and Sagicor Financial Corporation Limited (“Sagicor”) have mutually agreed to not proceed with the 20-year distribution agreement for insurance products and solutions in Jamaica. As a result, the sale of Scotia Jamaica Life Insurance Company will also not proceed. 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
Dividend Declaration: Supreme Ventures Limited (SVL)
Date: November 01, 2019 Supreme Ventures Limited (SVL) has declared an interim dividend of seventeen cents ($0.17) per stock unit payable on December 4, 2019 to shareholders on record as at November 21, 2019. The ex-dividend date is November 20, 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