February 10, 2023 Salada Foods Jamaica Limited (SALF), for the quarter ended December 31, 2022, recorded a 2% increase in turnover to $294.04 million (2021: $289.35 million). Cost of sales for the period rose by 2% to close the quarter at $200.56 million relative to $197.23 million in 2021. As such, gross profit for the quarter
February 10, 2023 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the six months ended December 31, 2022, revenues rose 23% from $58.08 million in 2021 to close the period under review at $71.38 million. For the second quarter, the company also posted a 16% increase in
February 10, 2023 Jamaican Teas Limited (JAMT) reported a 12% increase in revenues to total $665.64 million (2021: $596.10 million). According to management the decrease was “The losses shown in Investment Income mainly reflect the realized and unrealized investment losses of QWI, partially offset by higher dividend income compared with the year ago period.”. Cost
February 2, 2023 The Governing Council will continue to gradually raise interest rates to levels that are sufficiently high to guarantee that inflation reaches its medium-term target of 2% in a timely manner. In light of this, the Governing Council agreed to raise the three major ECB interest rates by 50 basis points today and
