PAL reports 145% improvement in Third Quarter Profits, while profit for the nine months decline 50%
The Palace Amusement Company (1921) Limited Revenue for the nine months rose 5% to $691.08 million (2016: $659.91 million), while for the third quarter, an increase of 19% was observed. As such, for the quarter revenue rose to $247.34 million relative to $208.82 million in 2016. Direct Expenses for the period inched up decreased by 6% to $562.12 million (2015: $530.25 million). As a result, Gross Profit declined by 1% to $128.96 million (2016: $129.67 million). the gross profit for the quarter totalled $51.96 million from $44.44 million, following a 19% growth in Direct Expenses year over year. Other Operating
PURITY reports a 76% decline in net profits for the first quarter of 2017
For the first quarter of the 2017 financial year, Consolidated Bakeries (Jamaica) Limited (PURITY) recorded a Total Revenue of $227.91 million (2016: $260.56 million), representing a 13% decline. Cost of Sales for the quarter amounted to $145.52 million, down 11% relative to $164.20 million booked at the end of quarter one 2016. As such, Gross Profits totaled $82.39 million, down 14% year over year (2016: $96.35 million). The company reported Total Expenses of $76.13 million, an increase of 4% when compared to the $73.06 million reported in 2016. Administrative Expenses amounted $42.75 million ,up 3% relative to the $41.57 million
SVL reports 52% increase in net profits for the first quarter of 2017
For the three months ended March 2017, Supreme Ventures Limited (SVL) reported a 20% increase in Revenues to total $13.39 billion, up from $11.19 billion in 2016. The Group’s increase in Total Revenue was due to increases in the Lottery, Gaming Hospitality and Pin Codes segments and the addition of the Horseracing segment. Revenues from the company’s segments were as follows: Lottery - $10.43 billion (2016: $8.83 billion) Sports Betting - $156.72 million (2016: $209.44 million) Horseracing - $328.1 million (2016: Nil) Gaming - $114.13 million (2016: $98.94 million) Pin codes - $2.35 billion (2016: