May 4, 2022 iCreate Limited (iCreate) the three months ended March 31, 2022 reported revenues of $46.39 million, 451% up from the $8.42 million reported a year prior. Total direct cost for three months amounted to $21.11 million, 1221% more than 2021’s three months direct cost of $1.60 million. Other income for the quarter amounted
May 4, 2022 iCreate Limited (ICREATE) for the year ended December 31, 2021 reported revenues of $32.83 million, 44% down from the $58.38 million reported a year ago. For the fourth quarter, ICREATE posted $1 million in revenue (2020: $11.25 million). Management noted, “During the year, the Company received capital injection of $50.5 million and
May 3, 2022 Though the Commonwealth of The Bahamas economy is expected to fully recover by 2023, ahead of initial projections, Central Bank Governor John Rolle stated that the current economic environment must be characterized by caution. Highlighting that higher oil prices and inflation threaten the more than $3 billion in external reserves. During the
May 3, 2022 The Unleashing the Blue Economy of the Caribbean (UBEC) Project was granted IDA financing of US$56 million by the World Bank’s Board of Executive Directors to support several Eastern Caribbean countries in developing the sustainable economic potential of their living marine and coastal assets and ultimately achieve a more sustainable tourism model.
May 3, 2022 Jamaica’s ‘Public bodies’ capital expenditure for fiscal year 2022/23 is projected to be $69.57 billion. The $37.58 billion National Housing Trust (NHT) budget and the $8.85 billion for National Water Commission (NWC) are expected to account for the bulk – $46.43 billion or 67 percent of the planned expenditure. NHT is expected
April 6, 2022 Government Operations Results for March 2022 For the period of April 2021 to March 2022, the GOJ reported Total Revenues & Grants of $716.90 billion, $523.20 million less than the Government’s projection. This represented an increase of approximately 25% relative to the $575.40 billion recorded for the corresponding period in 2021. ‘Non-Tax
May 02, 2022 Weekly Picks 2.05.2022 LASF Disclaimer: 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,
April 29, 2022 IronRock Insurance Company Limited (ROC), for the year ended December 31, 2021 posted gross premiums of $881.21 million relative $836.97 million; representing a 5% increase. Change in gross provision for unearned premiums amounted to $43.11 million compared to $29.91 million in 2020. Resulting in gross insurance premiums revenue of $838.10 million (2020:
April 29, 2022 Caribbean Cement Company Limited (CCC), for the three months ended March 2022, reported total revenue of $6.81 billion for the quarter, an increase of 14% when compared with the $5.97 billion reported in 2021. CCC noted that, “This increase in revenue was driven by the continued strong domestic demand being experienced, and
April 28, 2022 Jamaica earned just over US$1.4 billion from exports in 2021. Data from the Statistical Institute of Jamaica (STATIN) show that this was 15.2 percent higher than the 2020 outturn. Director-General of STATIN Carol Coy, said the increase was largely spurred by higher exports of mineral fuels, up 75.5 percent. She was speaking
