ECL reports 8% increase in six months net profits
January 15, 2020 Express Catering Limited (ECL) for the six months ended November 30, 2019 reported a 9% increase in revenue to US$7.81 million (2018: US$7.18 million). Revenue for the quarter advanced 5% to close at $3.28 million relative to $3.12 million reported the previous year. According to Management, “This is quite favourable, with the airport operators reporting flat departing passenger number for the quarter when compared to the prior year. We constantly benchmark our minimum growth target to be within the rate of passenger growth.” The company added, “ Departing passenger numbers for the 6 months increased by just
PTL reports 5% increase in six months net profit
January 14, 2020 Paramount Trading (Jamaica) Limited for the six months ended November 30, 2019 recorded a slight 3% decrease in total revenues to $768.22 million from $795.54 million reported in 2018. For the quarter, revenues rose 8% to close at $407.64 million (2018: $378.46 million). Direct expenses closed the period at $537.09 million relatively unchanged compared to $538.46 million booked in the corresponding period in 2018. As a result, gross profit fell by 10% to $231.13 million (2018: $257.08 million). For the quarter, gross profit closed at $124.67 million relative to $122.89 million reported in the prior corresponding quarter.
KREMI reports 55% decrease in nine months net profits
January 14, 2020 Caribbean Cream Limited (KREMI) for nine months ended November 30, 2019 reported an 8% increase to total $1.24 billion compared to $1.15 billion in the corresponding period last year. Revenue for the third quarter rose 14% to close at $395.48 million compared to $348.24 million for the comparable quarter of 2018. Costs of sales amounted to $841.54 million (2018: $757.42 million), an increase of 11%, while for the quarter there was a 12% growth to $270.09 million (2018: $241.90 million) . Nevertheless, gross profit improved by 1% or $3.59 million to $393.91 million compared to $390.32 million