AMG Reports 39% Decline in Nine Months Net Profit
AMG recorded Turnover in the amount of $487.02 million (2016: $463.31 million), an increase of $23.71 million when compared to that recorded the year prior. For the third quarter Turnover totaled $174.53 million up 10% from the $158.35 million in 2016. Total manufacturing costs amounted to $350.97 million, an increase of 9% relative to the corresponding period in 2016 of $320.62 million. Cost of inventories increased by 9% to $255.79 million (2016: $235.68 million) while direct expenses rose by 12% to total $95.17 million (2016: $84.94 million). Total Manufacturing Cost for the third quarter amounted to $125.90 million up 10%
Daily Market Summary- July 14, 2017
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Jamaica registers 0.1% 2017 first quarter growth
The Jamaican Economy expanded by 0.1% for the first quarter of 2017 relative to the corresponding quarter of 2016. The growth resulted mainly from improvements in the Services industries which increased by 0.4%. The overall Goods Producing industries posted a decline in the period despite gains by the Manufacturing and Construction industries. The Goods Producing industries declined by 0.9% due mainly to a 3.6% decrease in Agriculture, Forestry & Fishing and a 9.9% reduction in Mining & Quarrying. All industries within the Services segment saw an increase in output with the exception of the Producers of Government Services which was