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18 11, 2019

Overseas Headlines-November 18, 2019


Date: November 18, 2019 United States: U.S., China Trade Negotiators Discuss Concerns of Phase One “U.S. and Chinese trade negotiators held “constructive discussions” in a phone call on Saturday to address each side’s core concerns of phase one of the trade deal. China’s Vice Premier Liu He, the country’s key negotiator in the trade talks

15 11, 2019

KLE reports $3.99 million for Nine Months Net Loss


November 15, 2019 K.L.E. Group Limited (KLE), for the nine months ended September 30, 2019 reported Revenue of $153.89 million, relative to $156.66 million last year, a 2% decline. For the third quarter, revenue totalled $52.02 million, relative to $52.63 million last year, a 1% decline. Cost of sales contracted by 10% to $46.28 million

15 11, 2019

GENAC reports 34% increase in nine months net profit


November 15, 2019 General Accident Insurance Company Limited (GENAC), for the nine months ended September 30, 2019, reported Gross premium written of $8.94 billion, 21% higher than the $7.40 billion reported for 2018. Excess of loss reinsurance went up to $99.63 million, from $70.38 million reported in 2018 while Reinsurance ceded amounted to $7.20 billion relative

15 11, 2019

ISP reports 54% increase in nine months net profit


November 15, 2019 ISP Finance Services Limited’s (ISP) total interest income amounted to $275.85 million compared to $213.76 million in 2018, an increase of  29%. For the quarter, total interest income amounted to $93.82 million (2018: $69.63 million). Of this : Interest income from loans grew by 29% to total $275.85 million relative to $213.49 million

15 11, 2019

DCOVE reports a 28% decline in Nine Months Net Profit


November 15, 2019 Dolphin Cove Limited (DCOVE), for the nine months ended September 30, 2019 reported total revenue of US$11.63 million, relatively unchanged when compared to US$11.62 million booked the year prior. Total revenue for the quarter amounted to US$3.79 million (2018: US$3.89 million). According to the company, “during the nine months to September the Tour

15 11, 2019

GWEST reports six month net loss of $42.21 million


November 15, 2019 GWEST Corporation Limited (GWEST), for the six months ended September 2019 reported revenue of $68.91 million, an increase of 20%, when compared with the $57.21 million booked last year. Revenue for the quarter totalled $35.44 million up 12% year over year (2018: $31.72 million). Cost of sales fell 11% to total $18.46

15 11, 2019

iCreate reports six months net loss of $12.51 million


November 15, 2019 iCreate Limited (ICREATE) for the nine months ended September 30, 2019 reported revenues of $41.40 million, up from $29.44 million reported a year ago. For the third quarter, ICREATE posted $16.38 million in revenue (2018: $9.69 million). Management noted, “Of total revenues, our business to consumer (B2C) market is our strongest, showing

15 11, 2019

ROC reports $9.62 million Loss for Nine Months


November 14, 2019 IronRock Insurance Company Limited, for the nine months ended September 30, 2019 posted gross premium of $474.61 million relative $381.51 million reported in 2018; this represents a 24% increase year over year. For the third quarter, gross premium was $156.06 million relative to $99.40 million for 2018, up 57%. Proportional reinsurance amounted

15 11, 2019

Overseas Headlines-November 15, 2019


November 15, 2019 United States: U.S. Official Says First-Phase China Trade Talks in Final Stages “White House economic adviser Larry Kudlow said negotiations over the first phase of a trade agreement with China were coming down to the final stages, with the two sides in close, regular contact including a call planned for Friday. Speaking

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