Board Resignation/Appointment: Barita Investments Limited (BIL)
Date: December 20, 2019 Barita Investments Limited (BIL) has advised that Mr. Ian McNaughton, Managing Director and Company Secretary, has resigned from the Company effective December 24, 2019. General Manager of BIL, Ms. Paula Barclay, will now assume the leadership of the Company’s operations. Mr. Jason Chambers and Mr. Matthew Hogarth have been appointed to the Board effective December 24, 2019 and January 2, 2020 respectively. Also, Ms Malindo Wallace, Group Legal Counsel & Chief Compliance Officer, has been appointed Company Secretary of BIL effective December 24, 2019. For further details, please visit the JSE’s website, www.jamstockex.com Analyst Certification -The
JETCON reports 50% decline in nine months total comprehensive income
December 20, 2019 Jetcon Corporation Limited (JETCON), for the nine months ended September 30, 2019 reported a 16% decline in turnover to $747.25 million (2018: $892.29 million). However, turnover for the quarter amounted to $280.08 million relative to $288.29 million in 2018, a 3% decline year over year. Cost of Sales also decreased by 16% to $622.48 million (2018: $740.45 million) and as a result, gross profit declined 18% to $124.77 million compared to $151.84 million reported the prior year’s corresponding period. For the third quarter gross profit rose 28% from $34.72 million in 2018 to $44.40 million. Other operating income
Special Advisory: Productive Business Solutions Limited (PBS)
Date: December 19, 2019 Productive Business Solutions Limited (PBS) has advised that the Company has reached an agreement to acquire 100% of the shares of Hightech Corporation (HTC), an El Salvador based company, for an undisclosed amount. For further details, please visit the JSE’s website, www.jamstockex.com 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