Board Resignation/Board Appointment: Carreras Limited (CAR)
Date: February 14, 2020 Carreras Limited (CAR) has advised of the following: Miss Nirala Singh was appointed as a Director and a member of the Audit Committee effective February 12, 2020. Janene Shaw, Finance Director and Company Secretary, will proceed on early retirement effective March 31, 2020. As a result, Mr. Rogelio Paredes Flores was appointed as Head of Finance and Mrs. Ashleigh Arnold as Acting Company Secretary effective April 1, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at
SSLVC reports six months net loss attributable to shareholders of $40.14 million
February 14, 2020 SSL Venture Capital Jamaica Limited (SSLVC), for the six months ended December 31, 2019, reported revenues of $95.30 million versus $194.70 million reported in the prior year’s corresponding period. While for the quarter, SSLVC reported $44.28 million (2018: $136.19 million) in revenue. SSLVC stated that, “This shortfall was primarily due to a significant decline in sales at Bar Central Limited (BCL) which contributed approximately 70% of revenues for the 2018/2019 period.” Furthermore, management noted, “For the half year ending December 2019, management spent significant time and effort focused on improving the internal financial management and control and governance, resulting
CPFV reports 87% increase in first quarter net profit attributable to shareholders
February 14, 2020 Eppley Caribbean Property Fund Limited (CPFV), for the first quarter ended December 31, 2019 reported net rental income of $843,396 (2018: $392,858), a 115% increase. In addition, share of profit of investments accounted for using the equity method increased from $533,067 in 2018 to $544,688 for 2019. The Company stated, “The Fund continues to benefit from improved operational efficiency and the addition of high-quality commercial properties following a capital raise on the Jamaican markets in the summer of 2019. Since the capital raise and cross-listing on the Jamaica Stock Exchange (JSE), the Value Fund has now successfully