KEX reports a 46% decline in six months net profits
January 14, 2020 Knutsford Express Services Limited (KEX), for the first six months ended November 30, 2019, reported total revenue of $607.19 million, a 9% or $52.09 million increase when compared with the $555.11 million reported for the same period in 2018. For the second quarter, revenues increased by 8% to close the period at $282.67 million versus $262.18 million of 2018. The Company noted that, “this was due to continued demand for our passenger and courier services.” Administrative and general expenses grew 25% to total $525.94 million (2018: $421.50 million). Consequently, gross profit declined 39% to close at $81.25
Special Advisory: Sweet River Abattoir & Supplies Company Limited (SRA)
Date: January 13, 2020 Sweet River Abattoir & Supplies Company Limited (SRA) has advised of the following disclosure: “1. Auction of SRA facility on November 26, 2019 As was carried in the media, the SRA facility was auctioned on November 26, 2019. The Board of Directors and major investors have major concerns as to certain events that have occurred prior to and at the auction and are therefore seeking guidance on the matter. We continue to operate the facility as even if the auction is finalized there are several processes to be undertaken. Restructuring of company The process is all
Trade in Shares: Jetcon Corporation Limited (JETCON)
Date: January 13, 2020 Jetcon Corporation Limited (JETCON) has advised that a connected party purchased 172,000 JETCON shares on January 6, 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 at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report. Company Disclosure -The information contained herein has been obtained from sources