October 18, 2022 Margaritaville (Turks) Limited (MTL) reported a drastic hike of 261962% in revenues for the period to US$1.42 million (2021: US$543). Cost of sales also increased to US$390,313 (2021: US$812), which resulted in a gross profit of US$1.03 million (2021: gross loss of US$269). Management noted that “despite the challenges in logistics experienced
October 18, 2022 Caribbean Cream Ltd. (KREMI) for six months ended August 31, 2022 reported a 22% increase in revenue totalling $1.26 billion compared to $1.03 billion in the corresponding period last year. Revenue for the second quarter rose 33% to close at $645.40 million compared to $486.24 million for the comparable quarter of 2021. Costs
October 18, 2022 Weekly Picks 18.10.2022-SVL 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, or
October 14, 2022 Paramount Trading (Jamaica) Limited, for the three months ended August 31, 2022, recorded an increase of 61% in total revenues to $595.17 million from $369.32 million reported in 2021. Paramount noted, “This surpasses by 28 percent the previous highest quarter (Q3:21/22) in the Company’s history. During the period, revenue growth strategies employed
October 13, 2022 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the year ended June 30, 2022, reported a 106% increase year on year in gross operating revenues which closed at $119.96 million compared to the $58.18 million reported the prior year. For the
October 12, 2022 Data from the Statistical Institute of Jamaica (STATIN) indicate that Jamaica is on track to return to pre-COVID-19 levels of economic output by 2023. Minister of finance and the public service, Dr Nigel Clarke, said that achieving the target will place Jamaica “far ahead of our peers in the Caribbean region”. “We
October 10, 2022 Minister of Tourism, Hon Edmund has announced that Jamaica has earned USD $5.7 billion since reopening its borders in June 2020. The data also shows that the island welcomed over 5 million visitors over the same period. According to arrivals figures, the announcement follows the destination’s strong tourism recovery efforts that resulted
October 10, 2022 Weekly Picks 10.10.2022 JBG 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,
October 5, 2022 Government Operations Results for August 2022 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
October 3, 2022 Jamaica's GDP rose 4.8% in Q2 2022 compared to Q2 2021, as the Services Industries added 7.2% more value at constant pricing relative to Q2 2021's outturn. The Goods Producing Industries' value added fell 2%. Revocation of the Disaster Risk Management Order, expiration of the COVID-19 pre-test requirement for travel on April
