May 11, 2022 Salada Foods Jamaica Limited (SALF), recorded a 10% increase in turnover for the six months to close at $635.27 million (2021: $579.30 million). Management stated, “Gross Revenue for the half-year was $635.3 million, a 10% increase over the prior year of $579.3 million. By increasing promotional efforts, the Company quickly adapted to
May 10, 2022 Sagicor Group Jamaica Limited (SJ) for the three months ended March 31, 2022, reported an increase in total revenues by 3% to $23.76 billion from $23.12 billion in 2021. Total revenue is broken down as follows: Net premium revenue rose by 5% to close at $13.12 billion compared to $12.52 billion documented 2021. Net investment
May 10, 2022 NCB Financial Group Limited (NCBFG), for the six months ended March 31, 2022, booked a 19% increase in net interest income to total $32.38 billion relative to the $27.10 billion booked the corresponding period in 2021. NCBFG noted, “This reflects continued growth in lending and higher investment securities coupled with effective interest
May 9, 2022 QWI Investments Limited (QWI), for the six months ended March 31, 2022, reported total income of $226.15 million relative to total income of $265.33 million booked in the corresponding period last year. Of this: QWI recorded gains from investment activities of $184 million for the period ended March 2022 relative to gains from investment
May 9, 2022 Dolphin Cove (DCOVE), for the three months ended March 31, 2022, reported total revenue of US$2.56 million a 247% increase when compared to US$739,155 booked the year prior. Revenue from Dolphin Attraction contributed US$1.32 million to total revenue; this represents a 252% gain when compared to the US$373,824 reported in the prior year. Revenues
May 9, 2022 Fontana Limited (FTNA) for the nine months ended March 31, 2022, recorded an 21% increase in revenues to total $4.68 billion compared to $3.88 billion for the same period in 2021. The Company’s revenue for the third quarter rose 24% to $1.52 billion (2021: $1.22 billion). Cost of Sales for the period increased 23% to closed at $3.01 billion,
May 9 2022 FosRich Company Limited (FOSRICH) for the three months ended March 31, 2022 booked a 64% increase in revenue to total $900.29 million compared to $549.28 million for the same quarter in 2021. The Company noted that, “These increases were attributed primarily to increased sales in eight (8) of our eleven (11) Product
May 9, 2022 Weekly Picks 09.05.2022_ JMMBGL 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
May 6, 2022 In T&T dollars (except where it is indicated otherwise): Massy Holdings Limited (MASSY), for the six months ended March 31, 2022 posted revenue of $6.15 billion, a 10% increase when compared to $5.61 billion reported for the comparable period in 2021. For the quarter revenue amounted to $2.92 billion (2021: $2.63 billion).
May 4, 2022 The Federal Reserve raised interest rates by a half-percentage point to get a handle on the worst inflation America has seen in 40 years. The target range for the federal funds rate is now 3/4 to 1 percent. The Federal Reserve highlighted that household spending and business fixed investment remained strong, though overall economic
