KW reports 25.9% increase in year end net profit.
March 02, 2018 Kingston Wharves Limited (KW) for the year ended December 31, 2017 reported total revenue of $6.37 billion, a 17.7% or $959.3 million increase relative to the $5.41 billion recorded for the corresponding period in 2016. Revenue for the quarter amounted to $1.85 billion, an 18.8% increase relative to the $1.55 billion recorded for the same period in 2016 The company noted, “The annual operating revenue for KWL’s terminal division - the leading multi-purpose terminal in the Caribbean – amounted to $4.9 billion, an increase of 18% year on year. This performance was driven by the growth in
VMIL reports 9.1% increase in net proft.
March 02,2018 Victoria Mutual Investments (VMIL) for the year ended December 31, 2017 reported total interest income of $735.67 million, a marginal increase of 0.4% relative to the $732.75 million recorded for the corresponding period in 2016. Interest expense for the period amounted to $488.68 million, relative to the $481.99 million recorded in 2016. As such, Net interest income closed the period at $246.99 million, a 1.5% or $3.77 million decline relative to the $250.76 million recorded for the corresponding period in 2016. VMIL recorded gains from investment activities for the period of $193.08 million, a 30.7% or $85.55 million
SVL reports a 2% increase in year end net profit
March 01, 2018 Supreme Ventures Limited (SVL) for the year ended December 31, 2017 reported a 25% in revenues from $44.92 billion for the 2016, up to $56.19 billion in 2017. While for the fourth quarter revenues totaled $14.95 million relative to $11.87 million in 2016.SVL noted, “2017 was a year of significant growth for Supreme Ventures.” Management further noted the, “Group has a strategic plan aimed at capitalizing on the growth and synergistic opportunities within the business. We are confident about the future viability of the Caymanas operations.” Revenues from the company’s segments were as follows: Lottery - $40.48 billion