Monthly inflation rate of 1.3% for November 2019
Date: December 17, 2019 The consumer price index for the month of November 2019 increased by 1.3%, following a 0.6% increase in its index for October 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 2.8%. The movement stemmed from increasing prices for some agricultural produce, notably cabbage, carrot and potato. The increase in prices led to the index for the class ‘Vegetables and Starchy Foods’ recording a 9.1% growth. The ‘Transport’ division also contributed to November’s inflation rate with a 0.5%
LAB reports 52% increase in year end net profit
Date: December 17, 2019 The Limners and Bards Limited (LAB), for the year ended October 31, 2019, reported a 31% increase revenues to $631.85 million versus $483.19 million booked in 2018. Revenues for the quarter rose by 58% to $145.57 million (2018: $91.91 million). Cost of operating revenue rose by 26% for the period to $405.12 million (2018: $320.51 million). Consequently, gross profit for the period rose by 39% closing at $226.73 million compared to $162.68 million for the same period last year. For the quarter, gross profit increased 69% to $53.77 million (2018: $31.91 million). The Company reported a
Trade in Shares: Mayberry Investments Limited (MIL)
December 16, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 1,971 MIL shares on December 11, 2019. 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