SVL reports a 50% increase in year end net profit
February 28, 2019, Supreme Ventures Limited (SVL) for the year ended December 31, 2018, reported a 11% increase in Total Gaming Revenue from $29.68 billion in 2017 to $32.94 billion in 2018. Management noted the, “When compared to 2017, the Group achieved record Gross Ticket Sales of approximately $62 billion in 2018, representing a 12.3% increase.” Revenues from the company’s segments were as follows: Lottery - $2.78 billion (2017: $2.62 billion), a 6% increase. Horseracing - $6.12 billion (2017: $4.66 million) a 31% increase. VTL Gaming - $353.93 million (2017: $363.08 million) a decline of 3%. Pin codes - $9.88
“Win with Wigton”
February 25, 2019 Kingston, Jamaica - Brokerage firm Mayberry Investments Limited has invited all brokers in Jamaica to participate in the Wigton Windfarm Limited’s (Wigton) initial public offering (IPO) by becoming selling agents to the public. The highly anticipated IPO is expected to be listed on the Jamaica Stock Exchange (JSE) by April 2019. Director of Investment Banking at Mayberry, Tania Waldron-Gooden, disclosed that the move by Mayberry to invite all brokers to become selling agents for this IPO, was driven by the mandate outlined by the Government of Jamaica (GOJ), to share all benefits from government divestments with all
Bank of Jamaica Quarterly Monetary Report- October-December 2018
Date: February 21, 2019 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the Governor, Mr. Brian Wynter, commented on the Bank’s decision to lower the policy interest rate by 25 basis points to 1.50%. According to the Governor, “this policy decision reflects the Bank’s assessment that inflation will again fall below the target at various times over the next eight quarter in the context of low core inflation and large seasonal increases and reductions in agricultural prices. Inflation will then slowly approach the midpoint of the target over the medium term.” However, inflation can