Featured Stock: SVL
lease click below to view today’s Featured Stock. Weekly Picks 28.08.17 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.
BPOW reported a 3% increase in net profit for first quarter of 2017
Revenue increased by 12% to total $380.54 million compared to $338.7 million for the same period in 2016. Sales from the Lumber division climbed to $271.69 million, 13% higher than $240.64 million, while sale in the Soap division increased by 11% to close the period at $108.85 million relative to $98.06 million in 2016. The company outlined that, “export sales continued to outpace increases in sales in the domestic market with an improvement of 27% over the same quarter in the previous year. Although small, particularly noteworthy was the increase in hotel size soaps of 87%.” In addition the company
1834 reports 16% increase in THREE months Net Profit
1834 Investments Limited (1834) For the three months ended June 30, 2017 Revenue for the first quarter of the 2017 financial year declined by 31% to $11.15 million (2016: $16.22 million). Other operating income increased significantly in the first quarter of 2017 to $74.54 million. This compares to the prior year’s period figure of $16.94 million representing an increase of 340%. Other income of 74.54 million is mainly due to the sale of a building in Canada $12 million and the sale of shares in RJR communications Group $57 million which were held by the Gleaner Company Limited Employees Investment