Monthly Economic Review- July 2017
Click below for download. Monthly Economic Review - July 2017
CFF reports 12% increase in 2017 Year End Net Profits.
Caribbean Flavours & Fragrances Limited (CFF) For the financial year ended June 30, 2016 Revenue for the 2017 financial year increased by 13% to $410.64 million relative to the 2016 figure of $362.50 million in 2016. For the quarter the company saw a 14% increase totaling $109.96 million (2016: $96.39 million). Cost of sales also increased in the 2017 financial year to $242.69 million. This compares to the prior year’s figure of $227.81 million representing an increase of 7%. As a result, gross profit increased by 25% to $167.94 million for the year in review. This compares to the prior
Crude Oil WTI futures fall despite Harvey
Today Crude Oil WTI futures fell from an opening price of US$47.72 per barrel to US$46.30 per barrel, a decline of 2.98%. The price of the commodity did not experience a rapid rise in price subsequent to Hurricane Harvey making its land fall in Texas Late Friday, August 25, 2017. The category 4 hurricane barrelled down on Huston Texas’s energy hub and vital oil and gas facilities on the U.S Gulf Coast that serves as the nerve center of America’s energy infrastructure. However, due to heavy down pours and flooding, ten oil refinery plants were shut down according to S&P