Gas Price Movement June 15, 2017
This Week in Petroleum: Growing octane needs widen the price spread between premium and regular gasoline In late 2016, the difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated over the past three years (Figure 1). Many factors on both the supply and demand sides are likely influencing this trend. On the demand side, since 2013, the premium gasoline share of total motor gasoline sales has steadily increased, reaching a near 13-year high
Jetcon approves 3 for 1 stock split at Annual General Meeting held June 14, 2017.
Jetcon Corporation Limited (Jetcon) Annual General Meeting held June 14, 2017 at the Knutsford Court Hotel. Introduction The forum began with a brief introduction from Mr. John Jackson, Chairman who also welcomed the audience to this the first Annual General Meeting for the company since listing. He stated that Jetcon had a great year in 2016 since listing on the stock market in March 2016 and the performance has reflected in the movement of the stock from the initial listing price of $2.25 to $14.84 today. Mr. Jackson stated that the advent of the Junior Market will revolutionize Jamaica and
MEEG reports 16% increase in six months net profit
Main Event Entertainment Group Limited (MEEG) for the six months ended April 31, 2017 recorded a total of $652.15 million in revenue compared to $602.99 million booked for the comparable period in 2016. The growth according to the company, “reflects increased sales in all three segments of the of the business, with the most significant contributions from Entertainment and Promotions segment, which is up 6% or $28.764 million and the Digital Signage segment, up 32% or $13.513 million). Revenue for the quarter recorded a marginal increase from $318.71 million booked in April 2016 to $319.33 million. Cost of sales for