JSE Posts 55% decline in first quarter net profit
For the three months ended March 30, 2017, Jamaica Stock Exchange (JSE) recorded total revenue of $241.07 million, a 26% decrease when compared to the $326.82 million booked the prior year’s corresponding period. JSE attributed the movement to, “an extraordinarily large transaction that occurred in Q1 2016.” Of this: o Cess income declined 63% to $68.56 million relative to $183.38 million the previous year. o Fee income grew $21.14 million to close the period at $134.48 million (2016: $113.35 million). o E-campus showed a decrease of 27% to $2.68 million, relative to $3.68 million in 2016. o Other operating income
Kingston Wharves Reports 20% Increase In First Quarter Net Profit
For the period ended March 31, 2017, Kingston Wharves Limited (KW) reported revenues of $1.39 billion a 16% increase when compared to $1.20 billion for the same period last year. This as both the company’s ‘Terminal Operations’ and ‘Logistics & Ancillary Service’ segments reported increases. The ‘Terminal Operations’ which accounted for 78% of total revenues, increased 14% year over year to a total of $1.08 billion relative to $940.09 million last year. According to KW, “Divisional profits increased by 21% from $274 million to $331 million. The main driver behind this growth was the container handling operations which advanced by
CFF reports a 37% decline in net profit for the third quarter ended March 2017
For the 9 months ended March 31, 2017, Caribbean Flavours & Fragrances Limited’s (CFF) revenue for the period in review increased by 13% to $300.67 million relative to $266.11 million for the comparable period in 2016. For the quarter, the Company generated gross revenue of $88.82 million, an increase of 21% year over year. The Company comments that “the improvement to our revenue was primarily driven by a rise in sale of our core products within the domestic markets”. Cost of sales also increased for the period to $181.71 million. This compares to the prior year’s figure of $167.96 million