November 16, 2022 Figures are quoted in United States dollars (except where it is indicated otherwise): Proven Investments Limited (PROVEN), for six months ended September 30, 2022 reported net interest income of $6.53 million (2021: $2.01 million), a 225% improvement year over year. For the quarter, it increased 259% to $3.81 million (2021: $1.06
November 16, 2022 GWEST Corporation Limited (GWEST), for the six months ended September 30, 2022 reported revenue of $87.13 million (2021: $72.96 million), an increase of 19% year over year. For the quarter, it totalled $43.70 million (2021: $41.97 million), a 4% increase year over year. Management noted that the upward movement was “mainly
November 16, 2022 United States: US Mortgage Rates Drop Below 7% in Biggest Decline Since July US mortgage rates fell last week by the most since the end of July, slipping below 7% and helping generate a bounce in purchase applications that otherwise remain depressed. The contract rate on a 30-year fixed mortgage decreased
November 15, 2022 JMMB Group Limited (JMMBGL) for the six months ended September 30, 2022, booked net interest income of $5.70 billion (2021: $5.82 billion), a decline of 2% year over year. For the quarter, it declined 6% to close at $2.79 billion (2021: $2.96 billion). Of the six-month net interest income: Interest income
November 15, 2022 Eppley Limited (EPLY), for the nine months ended September 30, 2022 reported interest income of $331.72 million relative to $288.60 million the previous year, a 15% increase. While for the third quarter interest income amounted to $106.36 million relative to $111.06 million in 2021. Interest Expenses amounted to $219.78 million, up 7%
November 15, 2022 Productive Business Solutions Limited (PBS) for the nine months ended September 30, 2022 reported a 56% increase in revenue to US$226.97 million (2021: US$145.46 million). For the quarter, it increased 64% to US$69.38 million (2021: US$42.41 million). Direct expenses increased 60% to US$155.82 million (2021: US$97.17 million). As such, gross profit
November 15, 2022 United States: Economists See US Inflation Running Even Hotter Through Next Year Economists see US inflation running hotter through next year than they did a month ago and recession odds continue to mount against a backdrop of rising borrowing costs. Projections for the personal consumption expenditures price index -- the Federal
November 14, 2022 PANJAM Investment Limited (PJAM) for nine months ended September 30, 2022 reported a 46% decline in total income to $1.56 billion (2021: $2.89 billion). For the quarter, it declined 27% to close at $503.75 million (2021: $694.25 million). Of the nine-month total income: Investment loss amounted to $362.31 million (2021: income of $1.28 billion), which
November 14, 2022 Jamaica Stock Exchange Limited (JSE), for the nine months ended September 30, 2022 recorded total revenue of $1.71 billion, a 16% increase compared to the $1.47 billion booked for the prior year’s similar period. While total revenue for the quarter amounted to $579.15 million (2021: $621.41 million). Of this: Cess income grew by 12% to $408.11 million
November 14, 2022 ISP Finance Services Limited’s (ISP) total interest income for the nine-month period rose 3% to $326.55 million (2021: $318.36 million); however, for the quarter, it declined 5% to $108.77 million (2021: $114.13 million). Of the nine-month total interest income: Interest income from loans increased by 3% to total $326.45 million (2021:
