Dividend Declaration: Sygnus Credit Investments Limited (SCI)
Date: February 17, 2020 Sygnus Credit Investments Limited (SCI) has advised that at a meeting of the Board of Directors held on February 13, 2020, an interim dividend of US$0.0029 per share was declared. The dividend payment will be made to all shareholders on record as at March 16, 2020 and will be paid on April 6, 2020. The ex-dividend date will be March 13, 2020. SCI has further advised that ordinary shareholders who hold J$ shares will be paid the J$ equivalent of the US$ dividend declared per share. The exchange rate used will be the weighted average spot
iCreate reports year end total comprehensive loss of $34.06 million
February 17, 2020 iCreate Limited (ICREATE) for the year ended December 31, 2019 reported revenues of $48.28 million, up from the $31.85 million reported a year ago. For the fourth quarter, ICREATE posted $6.88 million in revenue (2018: $2.41 million). Management noted, “This strong revenue growth was attributable to increased physical capacity at the Kingston location and the opening of our Montego Bay branch during the year.” Total direct costs amounted to $14.80 million for the twelve months period compared to $11.84 million for the twelve months of 2018. Thus, resulting in gross profit of $33.48 million relative to $20.01
ISP reports 32% increase in year end net profit
Date: February 17, 2020 ISP Finance Services Limited’s (ISP) total interest income amounted to $367.06 million compared to $306.57 million in 2018, an increase of 20%. For the quarter, total interest income amounted to $91.22 million (2018: $92.81 million). Total income is broken down as follows: Interest income from loans grew 20% to total $367.06 million relative to $306.19 million in the same period of 2018. Interest income receivables went down 100%, amounting to $270 (2018: $381,000). Interest expense totaled $37.73 million relative to $24.58 million in 2018; this represents a 53% increase. As a result, net interest income grew