Dividend Declaration: Carreras Limited (CAR)
Date: February 13, 2020 Carreras Limited (CAR) has declared an interim dividend of $0.15 per stock unit to be paid out of accumulated profits on March 12, 2020 to shareholders on record as at February 27, 2020. The ex-dividend date will be February 25, 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 the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to
Gas Price Movement-February 13, 2020
February 13, 2020 Brent Oil Brent oil prices increased by 2.55% or US$1.40, as prices fell this week relative to the prior week. Oil traded on February 13, 2020 at a price of US$56.33 per barrel relative to US$54.93 on January 30, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices increased this week by 2.45% (JMD$2.98). Additionally, 90 Octane increased by 2.39% or (JMD$2.98) this week. 87 Octane and 90 Octane opened the year 2020 at J$127.27 and J$130.11 respectively and now trades at J$124.68 and J$127.52 per litre respectively. Figure 1: Petrojam,
MDS reports 47% decline in nine months net profit
February 13, 2020 Medical Disposables & Supplies Limited, for the nine months ended December 2019 reported Revenue amounting $1.73 billion, an increase of 9%, relative to $1.58 billion booked the previous year. For the third quarter revenues totalled $603.36 million up 12% year over year (2018: $538.67 million). MDS noted, “This improved performance was influenced by increased sales in all three business divisions of the Company.” Cost of sales went up 9% to close the period at $1.33 billion relative to the $1.21 billion reported for the same period last year. This resulted in gross profit which increased 9% to a