CCC reports 24% decline in year end net profits
Date: March 04, 2020 Caribbean Cement Company Limited (CCC) reported total revenue for the year ended December 31, 2019 of $17.76 billion a 1% or $190.73 million increase when compared with the $17.57 billion reported in 2018. For the quarter, total revenues closed at $4.25 billion (2018: $4.33 billion). Cost of sales amounted to $10.60 billion (2018: $11.23 billion), which resulted in gross profit of $7.17 billion for the year end versus gross profit of $6.34 billion reported in the prior comparable year. Operating expenses closed the year end at $2.49 billion (2018: $2.21 billion), a 13% increase year over
Government Operations Results for January 2020
Date: March 03, 2020 For the period of April to December 2019, the GOJ reported Total Revenues & Grants of $519.01 billion, $2.17 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 18.7% relative to the $437.30 billion recorded for the corresponding period in 2018. ‘Tax Revenue’, ‘Capital Revenues’ and ‘Grants’ outperformed projections during the review period, while ‘Non-Tax Revenue’ underperformed projections during the period. ‘Tax Revenue’ amounted to $461.69 billion, $2.21 billion more than budgeted while ‘Capital Revenue’ of $832.9 million was reported; $6.60 million more than budgeted. Furthermore, ‘Grants’ totalled $4.28
Dividend Declaration: Supreme Venture Limited (SVL)
Date: March 03, 2020 Supreme Venture Limited (SVL) has advised that the Board of Director confirmed that a dividend amount of twenty cents ($0.20) per stock unit be paid to shareholders as per the following Resolution: “That an interim ordinary dividend of twenty cents ($0.20) per stock unit is hereby declared and payable on April 3, 2020 to all shareholders on record at March 17, 2020.” The ex-dividend date is March 16, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as