PULSE recorded 18% increase in net profit for nine month ended March 2018
May 16, 2018 Revenue increased $31.39 million year on year, closing the period at $313.23 million, up from $263.66 million in 2017. Administrative and Other Expenses increased 15%, closing the period at $140.83 million (2017:$122.11 million). As such, Operating Profit increased 22%, closing at $172.40 million (2017:$141.55 million). There was a Fair Value Appreciation on Investment Property of $90.15 million, an 11% increase on the $81.16 million recorded for the corresponding period of the 2017 financial year. Profit before finance costs totaled $262.55 million relative to the $222.71 million in 2017, reflecting an 18% increase year over year. Finance Cost
BANK OF JAMAICA LOWERS POLICY RATE
May 16, 2018 BANK OF JAMAICA LOWERS POLICY RATE Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight deposits with Bank of Jamaica) by 25 basis points to 2.50 per cent. This policy stance reflects the Bank’s assessment of inflation for the next four quarters and beyond. The Bank’s assessment is that inflation over the next three quarters will fall slightly below the lower end of the Bank’s target of 4.0 per cent to 6.0 per cent, before increasing towards the centre of the target in the following quarter. The projected trajectory
Daily Market Summary May 16, 2018
Daily Market Summary 16.05.18 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