Daily Market Summary January 15, 2018
Daily Market Summary 15.1.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
KEX reports six months profit of $90.98 million.
Date: January 15, 2018 For the six months ended November 30, 2017: Knutsford Express Services Limited reported total revenue of $445.42 million, a 27% or $95.65 million increase when compared with the $349.77 million reported for the same period in 2016. According to KEX, “this was due to strong customer demand for passenger travel and our courier service.” Administrative and general expenses grew 25% to total $344.54 million (2016: $276.43 million). Consequently, gross profit rose 38% to close at $100.87 million compared to the $73.34 million for the same period a year ago. Finance costs increased 32% to $10.82 million
CBNY reports six months loss of $2.55m
Date: January 15, 2018 Ciboney Group Limited (CBNY), for the quarter ended November 30, 2017, reported an 87% decline in financial income to total $14,000 from $105,000 in November 30, 2016. An exchange loss of $103,000 was realized relative to $159,000 gain for the corresponding period in 2016. Other operating expense for the period amounted to $2.46 million , 1% above last year’s $2.43 million. Group Operating Expenses totalled $2.56 million as at November 30, 2017 relative to $2.27 million for the corresponding period in 2016 a 13% increase. The company reported net loss before taxation of $2.55 million, this compares with