LASD reports 55% increase in year end net profit
May 31, 2018 Lasco Distributors Limited (LASD) For the year ended March 31, 2018 posted a 3% growth in revenues to $16.27 billion, up from $15.80 billion in the corresponding period in 2017. Cost of sales amounted to $13.10 billion relative to the $12.87 billion posted for the prior year. Gross profits also recorded an increased, up by 8%, closing at $3.17 billion compared to the $2.94 billion reported last year. This represented an increase of $234.47 million. Other operating income jumped 242%, to end the year at $395.41 million compared to the $115.20 million in the previous year. Operating
Trade In Shares: Salada Foods Jamaica Limited (SALF)
May 30, 2018 Salada Foods Jamaica Limited (SALF) has advised that a Director purchased 52,000 SALF shares on May 25, 2018.
Special Advisory: Caribbean Cement Company Limited (CCC)
May 30, 2018 Caribbean Cement Company Limited (CCC) has advised that on May 28, 2018, pursuant to the authorization of its Board of Directors, the Company entered into two loan agreements with CEMEX España, S.A., a subsidiary of CEMEX, S.A.B. de C.V.: (i) a term loan agreement for US$50 million bearing an annual interest rate of 7.25% to be repaid in full within 7 years from the signature date; and (ii) a revolving loan agreement for US$52 million bearing an annual interest rate of LIBOR plus 420 basis points to be repaid in full within 7 year from the signature