AFS reports nine months net profit of $504.8 million
February 8, 2018. Access Financial Services Limited (AFS) for the nine months ended December 31, 2017 reported total interest income of $1.04 billion, a 11% increase when compared with the $935.04 million reported for the same time period in 2016. Of this, Interest Income from Loans amounted to $1.03 billion (2016: $930.52 million) while Interest Income from Securities totalled $9.05 million, a vast increase from the $4.5 million reported in 2016. Total interest expense reported for the quarter was $378.5 million, a 21% increase when compared to the $312.84 million reported in the same quarter for 2016. Interest Expense charged
SALF reports 49% increase in first quarter net profits attributable to shareholders
Date: February 8, 2018 Salada Foods Jamaica Limited (SALF), for the quarter ended December 31, 2017, recorded a 17% increase in turnover for the quarter to $227.76 million (2017: $195.27 million). The company stated that, “Export sales grew by 100% and is the key driver of revenue growth. Improvements in the distribution of our brands in South East United was the reason for this performance. Cost of sales for the year increased by 8% to close the quarter at $143.29 million relative to $132.49 million in 2017. As such, gross profit for the quarter amounted $84.47 million, a 35% increase year
Board Resignations: Sagicor Group Jamaica Limited (SJ)
February 8,2018 Sagicor Group Jamaica Limited (SJ) has advised that Mr. Donovan H. Perkins tendered his resignation from their Board of Directors with effect from February 2, 2018.