Seprod Expects a positive 2017
Seprod Jamaica Limited held its Annual General meeting on July 10, 2017. The Seprod Chairman Mr. P.B Sccott commenced the Annual General Meeting (AGM) by introducing the members of the board who were in attendance. He then proceeded to give an overview of the company’s performance for the 2016 financial year. Mr. Scott then proceeded to read the chairman’s report located in the annual report. Main highlights of his report were the noted increase in earnings per share from $1.68 to $2.11 and dividend payment of $3.23 in 2016 compared to $0.95 in 2015. He stated that the company will
Net International Reserves – June 2017
Net International Reserves Jamaica’s Net International Reserves totaled US$2,616.81 million as at June 2017, reflecting an decrease of US$55.96 million relative to the US$2,672.77 million reported as at the end of May 2017 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$53.07 million to total US$3,185.65 million. Currency and Deposits contributed the most to the decline in Foreign Assets. This as Currency and Deposits as at June 2017 totaled US$2,880.89 million reflecting a decline of US$54.47 million compared to US$2,935.37 million booked as at May 2017. Foreign Liabilities for June 2017 reflected an increase
Carib Cement Factory Tour
Caribbean Cement Company (CCC) held their annual Plant Tour yesterday for shareholders, CCC’s plant is located at Rockfort, Kingston. The tour was led by: Andrew Stephenson – Quality, Quarry & Environment Manager Sophia Lowe – Corporate Communications & Public Affairs Manager Marchel Burrel – Health & Safety Manager We were addressed by newly appointed CEO Mr. Peter Donkersloot Ponce. Mr. Ponce emphasised his commitment to the company, its shareholders and Jamaica. He also urged shareholders to be prepared to defend Crib Cement’s market share against cheaper subsidies imports, he closed by reiterating that he and the company has an open