Dividend Declaration: Proven Investments Limited (PROVEN)
Date: February 12, 2020 Proven Investments Limited (PROVEN) has advised that a dividend payment of US$0.0032 per share was declared at a Board meeting held on February 7, 2020. Ordinary shareholders who have requested payment in Jamaican Dollars will receive the equivalent of JA$0.4506 per share. This dividend payment will be made to all ordinary shareholders on record on February 24, 2020 and will be paid on March 6, 2020. The ex-dividend date is February 21, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s)
Proven reports 348% increase in nine months net profit attributable to shareholders
February 12, 2020 Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for the nine months ended December 31, 2019 reported interest income of $17.29 million, a 20% decrease when compared with the $21.52 million reported for the same period in 2018. Interest expense for the period amounted to $7.42 million, a 37% increase when compared to the $5.42 million booked for the comparable period in the prior year. As such, net interest income for the nine months ended witnessed a 39% decrease to total $9.86 million relative to the $16.10 million in the corresponding period of
WIG reports 7% decline in nine months net profit
Date: February 12, 2020 Wigton Windfarm Limited, for the nine months ended December 31, 2019, reported sales of $1.83 billion, a 6% decline on the $1.95 billion reported in the prior year. Revenue for the quarter declined 22% to $363.38 million (2018: $465.02 million). WIG noted that, “the lower revenues are directly related to a 25.6% decreased in production in the current reporting quarter due to a decline in average wind speed from 8 meters per second in 2018 to 7 meters per second in 2019.” Cost of sales went up 9% to close the period at $592.14 million versus