May 15, 2023 Tropical Battery Company Limited (TROPICAL) for the six months ended March 31, 2023: Revenue increased 4% to $1.35 billion (2022: $1.30 billion). For the quarter, revenue increased 10% to $700.38 million (2022: $635.09 million). Notably, this represents the Company’s highest quarterly revenue. Gross profit increased 13% to $438.29 million (2022: $388.03
May 15, 2023 138 Student Living Jamaica Limited (138SL) for the six months ended March 31, 2023: Revenue increased 20% to $700.65 million (2022: $584.23 million). For the quarter, revenue increased 16% to $354.30 million (2022: $305.34 million). Management noted that the increase was partly attributable to the strong performance in long-term occupancy. Additionally,
May 15, 2023 United States: Debt-Limit Default Risk Is Higher Than Ever. How Can You Safeguard Your Wealth? The risk of a US debt default is greater than it’s ever been, threatening to tip global markets into a brand-new world of pain. For investors, there are few places to hide other than the oldest hedge
May 12, 2023 GraceKennedy Limited (GK) for the three months ended March 31, 2023: Revenues increased 8% to $39.09 billion (2022: $36.26 billion). Expenses increased 7% to 37.13 billion (2022: $34.71 billion) Profit before other income increased 27% to $1.96 billion (2022: $1.55 billion). Other income increased 2% to $920.47 million (2022: $898.96 million).
May 12, 2023 Stationery & Office Supplies Limited (SOS) for the three months ended March 31, 2023: Revenue increased 21% to $519.18 million (2022: $427.62 million). Notably, this represents the Company’s highest quarterly revenue. Gross profit increased 24% to $270.47 million (2022: $217.81 million). Total operating expenses increased 18% to $158.78 million (2022: $134.18
May 12, 2023 Salada Foods Jamaica Limited (SALF) for the six months ended March 31, 2023: Revenue increased 8% to $688.26 million (2022: $635.27 million). For the quarter, revenue increased 14% to $394.22 million (2022: $345.92 million). Cost of sales increased 8% to $472.69 million (2022: $436.14 million). Consequently, gross profit increased 8% to
May 12, 2023 United States: Fed Needs More Hikes If Inflation, Labor Stay Hot, Bowman Says The Federal Reserve will likely need to raise interest rates further and hold them higher for some time if US price pressures don’t cool off and the jobs market shows no sign of slowing, Governor Michelle Bowman said. “Should
May 11, 2023 Massy Holdings Limited (MASSY) for the six months ended March 31, 2023: Expressed in T&T Dollars (except where it is indicated otherwise): Revenue increased 11% to $6.80 billion (2022: $6.14 billion). For the quarter, revenue increased 17% to $3.40 billion (2022: $2.91 billion). Operating profit after finance costs increased 19% to
May 11, 2023 According to the U.S. Bureau of Labour Statistics (BLS), the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in April 2023, on a seasonally adjusted basis, following a 0.1% increase in March 2023. The all items index rose 4.9% before seasonal adjustment over the last year. The main contributor
May 11, 2023 United States: Yellen Says Debt Default Would Hurt US International Leadership Treasury Secretary Janet Yellen said failure to avoid a looming federal government default would undermine Washington’s ability to provide international leadership and defend US national security. Yellen has long warned a default could cause an “economic and financial catastrophe.” She added
