Gas Price Movement-February 20, 2020
February 20, 2020 Brent Oil Brent oil prices increased by 5.27% or US$2.97, as prices rose this week relative to the prior week. Oil traded on February 20, 2020 at a price of US$59.31 per barrel relative to US$56.34 on February 13, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices increased this week by 2.45% (JMD$3.06). Additionally, 90 Octane increased by 2.40% or (JMD$3.06) this week. 87 Octane and 90 Octane opened the year 2020 at J$127.27 and J$130.11 respectively and now trades at J$127.74 and J$130.58 per litre respectively. Figure 1: Petrojam,
SALF looking to Grow Domestic and Exports Sales
February 20, 2020 At Salada Food Limited’s 55th Annual General Meeting, Mrs. Dianna Blake-Bennett commented on the performance of the Company stating, “export revenue grew by 10% year on year, however, domestic sales outpaced export sales.” Additionally, “although there was a 7% increase in revenue, the impact of the Cess led to an increase of 17% on Cost of Sales,” according to Management. Thus, gross profit slipped 10% to $361.57 million (2018: $399.96 million). Notably, SALF’s profitability fell 36% to close at $141.37 million relative to $219.18 million for the same period in 2018. Mrs. Blake-Bennett stated that “the business
Monthly Economic Review- January 2020
Date: February 20, 2020 Monthly Economic Review - January 2020 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 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 -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be