Monthly inflation rate of 0.5% for December 2019
January 16, 2020 The consumer price index for the month of December 2019 increased by 0.5%, following a 1.3% increase in its index for November 2019, according to the Statistical Institute of Jamaica (STATIN). This movement was largely attributed to the upward movements in the division of ‘Food and Non-Alcoholic Beverages’ by 0.5% and ‘Housing, Water, Electricity, Gas and Other Fuels’ by 1.5%. “The increase for the heaviest weighted division ‘Food and Non-Alcoholic Beverages’ was mostly as a result of higher prices for vegetables as reflected in the 0.7% increase in the index for the class ‘Vegetables and Starchy Foods’
PJX reports nine months net profit of US$1.19 million
Date: January 15, 2020 Portland JSX Limited (PJX), for the nine months ended November 30, 2019, net gain on financial assets classified as at fair value through profit and loss amounted to US$1.94 million compared to a loss of US$551,463 in 2018. PJX recorded net gain on financial assets classified as at fair value through profit and loss for the third quarter of US$547,939 relative to a net loss of US$113,389 booked for the corresponding period in 2018. Interest from loans and receivables for the nine months amounted to US$8,145 a decrease of 83% year over (2018: US$49,040). For the
MTL reports 12% increase in six months net profits
January 15, 2020 Margaritaville (Turks) Limited (MTL), for the six months ended November 30, 2019 reported that revenues increased by 8% for the period to US$3.86 million (2018: US$3.56 million). The second quarter’s revenue totalled US$1.83 million (2018: US$1.74 million), a 5% increase. For the six months, Management stated that revenue, “was earned from the 538,339 passengers that visited the port, spending an average of US$7.17 each. The comparative revenue for the same period in the prior year was US$3.56 million form 509,059 passengers, at a spend rate of US$6.99.” However, for the quarter, MTL noted, “This was earned from