Paramount Trading Limited reports a 42% decline in Year End Profits.
Paramount Trading (Jamaica) Limited (PTL) For the year ended May 31, 2017 Paramount Trading (Jamaica) Limited recorded a 13% increase in Total Revenues to $1.16 billion from $1.02 billion in 2016. This growth was attributable to 8% or $69.97 million increase in revenues from the “Chemicals” segment which amounted to $912.57 million, along with a 35% increase in “Construction and Adhesives” segment to $109.92 million (2016: $81.37 million). The “Lubricants” increased by 59%, reporting revenues of $72.38 million relative to $45.43 million in 2016. While the “Transport” segment totaled $33.01 million relative to $28.57 million last year, with “Manufacturing” increasing by
Featured Stock : Supreme Ventures Limited (SVL)
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Berger Paints Jamaica Limited (BRG) to continue growth strategy for 2017
Berger Paints Jamaica Limited Annual General Meeting At Berger Paints Jamaica Limited’s Annual General Meeting (AGM), Independent Director, Mike Fennell opened the meeting welcoming shareholders and the relevant persons on hand. Following the reading of the audit report, General Manager,Mr. Turra, spoke on the performance of the company after being introduced. Mr. Turra began his presentation by highlighting Berger had an amazing year in terms of growth in revenues and profits. The following was highlighted within Mr. Turra’s presentation: Real GDP growth for 2016 was 1.1% while interest rates continued to trend downwards. Jamaica had its lowest inflation rate