Dividend Declaration: Sagicor Select Funds Limited (SELECTF)
October 16, 2019 Sagicor Select Funds Limited (SELECTF) has advised that the Board of Directors of SELECTF, at its meeting held on October 14, 2019, approved a resolution to declare an interim dividend of $0.0117 payable on November 14, 2019 to shareholders on record at the close of business on November 4, 2019. The ex-dividend date is November 1, 2019. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also
KEX reports 46% decrease in first quarter net profits
October 16, 2019 Knutsford Express Services Limited (KEX), for the three months ended August 31, 2019 reported total revenue of $324.52 million, an 11% or $31.59 million increase when compared with the $292.93 million reported for the same period in 2018. KEX noted, “this was due to continued demand for our transport services.” Administrative and general expenses grew 31% for the quarter to total $267.14 million (2018: $204.01 million). This resulted in gross profits of $57.38 million for the quarter compared to the $88.92 million for the same period a year ago, a 35% decrease. Finance costs increased 5% to $6.87
KREMI reports a 63% decrease in six months net profit
October 16, 2019 Caribbean Cream Ltd. (KREMI) for six months ended August 31, 2019 reported a 5% increase in revenue totalling $839.96 million compared to $799.51 million in the corresponding period last year. Revenue for the second quarter rose 9% to close at $422.30 million compared to $387.76 million for the comparable quarter of 2018. Costs of Sales amounted to $571.45 (2018: $515.52 million), an increase of 11%. Management noted, “the company continues to experience price increases in its’ local purchases along with increased costs in utilities, specifically water due to the recent prolonged drought forcing the company to buy