RJR posts year end net loss of $41.79 million
June 1, 2018 Radio Jamaica Limited (RJR) for the year ended March 31, 2018 recorded revenues of $5.05 billion, 4% lower than the$5.23 billion booked for the prior year. The quarter had a 3% decrease to $1.17 billion (2017: $1.20 million). Direct Expenses fell by 2% to $2.51 billion relative to $2.56 million for the same period in 2018. As a result, Gross Profit dipped by 5% to $2.54billion relative to last year’s $2.67 billion. The Company had a 1% increase in total Operating Expenses to $2.65billion when compared to $2.63 billion posted for the previous year. This was mainly
Special Advisory: Jamaica Broilers Group Limited (JBG)
June 1, 2018 Jamaica Broilers Group Limited (JBGL) has advised that the Company has entered into an Agreement prior to the 28thday of April, 2018 to lend to JBGL Stockholders Nominee Limited (“the Shareholder Trust”) a sum not exceeding J$4.35B. A portion of the loan was used to purchase a total of 165,452,446 shares. This block of shares was held by family branches of one of the Founders of the Company and the trustees and entities connected to them; none of whom are currently involved in the management of the Company. For the avoidance of doubt Chairman Robert Levy and
Daily Market Summary May 31, 2018
Daily Market Summary 31.05.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.