CAR reports 10% decline in nine months net profit attributable to shareholders
February 13, 2018 Carreras Limited (CAR), for the nine months ended December 31, 2017, reported Operating Revenue of $9.53 billion, 9% lower than the $10.48 billion booked in 2016. Revenue for the quarter contracted 16% to close at $3.47 billion versus $4.11 billion booked for the comparable quarter of 2016. According to CAR, “the Company has experienced a decline in its sales volume since the excise lead price increase implemented on March 13, 2017 of $3 per stick of 21.4%. the legal sales volume lost is being channelled directly to the illicit trade which continues to expand as a result
JMMBGL reports 39% increase in third quarter net profit
February 13, 2018. JMMB Group Limited (JMMBGL) for the nine months ended December 31, 2017 recorded net interest income of $5.66 billion, a 12% or $593.92 million increase when compared with $5.07 billion recorded for the corresponding period in 2016. Interest expenses increased 7% to total $6.07 billion relative to the $5.65 billion recorded for the same period in 2016. JMMBGL highlighted that “there was strong growth in the loan and investment portfolios. Additionally, the spread on the portfolios were higher on account of an effective spread management strategy.” Net interest income for the quarter amounted to $1.90 billion, a
CFF reports six months profit of $42.47 million
February 13, 2018 Revenue amounted to $214.26 million for the six month ended December 31, 2017, an increase of 1%, when compared with the $211.85 million booked for the corresponding period last year. CFF noted, “ the quarter was negatively impacted by severe and unusual weather conditions which have persisted for the last six months.” The company further added, “ the company expects that there will be normality to the many issues faced during this quarter and as such expects to report an improvement in these results over the next reporting period as many of the challenges would have been