SIL reports 20% increase in six months net profit
Sterling Investments Limited (SIL) for the six months ended June 30, 2018, reported a 25% growth in total revenue to $77.83 million compared to $62.10 million recorded for the corresponding period in 2017. Revenue for the second quarter rose 56% to $46.39 million compared to $29.65 million reported for the second quarter of 2017. Of total revenue: Interest income for the six months closed the period at $41.66 million, up 10% from the $37.92 million for the comparable period in 2017. Loss on disposal of available for sale securities for the period amounted to $232,217 relative to a gain of $21.42 million.
MDS reports 23% increase in first quarter net profit
August 03, 2018 Medical Disposables & Supplies Limited (MDS) for the three months ended June 30, 2018, reported revenue of $541.11 million, an increase of 13% compared to the $480.59 million booked in 2017. This according to Management, “reflected continued growth in sales. This performance was mainly attributable to growth in the consumer business segment and prices increases.” Cost of Sales increased $46.25 million to total $424.33 million relative to $378.09 million in 2017, a 12% increase. As a result, Gross Profit grew by 14% or $14.28 million to total $116.78 million in 2018 compared to $102.50 million in 2017. Total
Government Operations Results for June 2018
Date: August 2, 2018 Government Operations Results for June 2018 For the period of April 2018 to June 2018, the GOJ reported Total Revenues & Grants of $140.68 billion, $596 million more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 11.8% relative to the $125.84 billion recorded for the corresponding period in 2017. ‘Tax Revenue’ and ‘Capital Revenue’ outperformed projections while ‘Non-Tax Revenues’ and ‘Grants’ underperformed projections during the review period. ‘Tax Revenue’ amounted to $128.72 billion, $4.07 billion more than budgeted while ‘Capital Revenue’ of $562.7 million was reported; $296.8 million more than