Gas Price Movement October 20, 2017
Brent Oil Brent oil prices rose by 1.74% (US$0.98), as prices declined this week. Oil traded on October 19, 2017 at a price of 567.23 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.41% (US$0.48 ). Additionally 90 Octane increased by 0.40% or $0.48 week over week. 87 Octane and 90 Octane opened the year at J$97.32 and J$98.98 respectively and now trades at J$119.35 and J$116.51per litre. Figure 1: Petrojam, U.S. Gulf Coast Conventional Gasoline Regular and Brent Crude Oil 1 Year Price History This
MTL reports a 23% increase in net profits for first quarter 2018
Margaritaville (Turks) Limited (MTL) For the three months ended August 31, 2017 Revenues increased by 15% for the period to US$1.86 million (Q1 2017: US$1.61 million). The company commented that “the location recorded increased ship calls and passenger counts during the quarter compared to the same period in the prior year.” Cost of sales (COS) also increased by 16% for the period to US$483,803 (Q1 2017: US$418,507) which resulted in COS margin of 26% the same as last year. The company stated that “the location is maximizing all saving opportunities from this cost category.” As a result, gross profit grew
Ciboney reports $1.11 million three month net loss for quarter ended August 2017
Ciboney Group Limited (CBNY) For the quarter ended August 31, 2017: Financial Income declined by 73% to total $11,000 from $40,000 in August 31, 2017. An exchange loss of $28,000 was realized relative to $132,000 gain for the corresponding period in 2016. Group Operating Expenses totalled $1.03 million as at August 31, 2017 relative to $1.3 million for the corresponding period in 2016 a 20% decline. The company reported net loss of $1.05 million, this compares with the loss of $1.13 million in 2016. Net loss per share was 0.19 cents for the quarter ended August 31, 2017 (2016: loss