May 17, 2024 Derrimon Trading Ltd (DTL) Unaudited financials for the first quarter ended March 31, 2024: Derrimon Trading Ltd (DTL) for the first quarter ended March 31, 2024, reported a 28% decrease in trading income totalling $3.56 billion compared to $4.92 billion in the corresponding first quarter of 2023. Cost of sales amounted to
May 17, 2024 Pan Jamaica Group Limited (PJAM) for the first quarter ended March 31, 2024, reported a 946% increase in gross operating revenue totalling $9.85 billion compared to $941.64 million in the corresponding three months last year. PJAM highlighted, “The improved results for the Group reflect an initial benefit of the recent amalgamation –
May 17, 2024 The Statistical Institute of Jamaica (STATIN) reported that for April 2024, the point-to-point inflation rate was +5.3%; 0.3 percentage points lower than the prior point-to-point inflation rate. However, for the month of April 2024, the inflation rate was -0.7%, the fourth consecutive monthly decline. The main driver of the monthly decrease (0.7%)
May 17, 2024 VM Investments Limited (VMIL) for the first quarter ended March 31, 2024, reported a 14% increase in interest income totalling $432.13 million compared to $378.01 million in the corresponding three months last year. Interest Expense amounted to $400.74 million (2023: $286.38 million), this represents an increase of 40% year over year. Consequently,
May 17, 2024 United States: Fed Officials Suggest Interest Rates Should Stay High for Longer Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates. Cleveland Fed President Loretta Mester, New York
May 16, 2024 General Accident Insurance Co. Ja. Ltd. (GENAC) Unaudited financials for the first quarter ended March 31, 2024: General Accident Insurance Co. Ja. Ltd. (GENAC) for the first quarter ended March 31, 2024, reported a 16% increase in insurance revenue totalling $2.58 billion compared to $2.23 billion in the corresponding three months last
May 16, 2024 Seprod Limited(SEP) Seprod Limited (SEP) for the year ended December 31, 2023, reported a 43% increase in Turnover totaling $112.15 billion compared to $78.43 billion in the corresponding period last year. Turnover for the fourth quarter had a 9% increase to close at $30.84 billion compared to $28.23 billion for the
May 16, 2024 Tropical Battery Company Limited (Tropical) Unaudited financials for the six months ended March 31, 2024: Tropical Battery Company Limited (Tropical) for the six months ended March 31, 2024, reported a 75% increase in Revenue totaling $2.36 billion compared to $1.35 billion in the corresponding period last year. Revenue for the second quarter
May 16, 2024 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for May 15, 2024, was J$13.41. MJE’s closing price on May 15, 2024 was $10.45. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification - The views expressed in this research report
May 16, 2024 Supreme Ventures Limited (SVL) has advised that on May 14, 2024, a senior manager sold 120,372 SVL Shares. Disclaimer: Company Disclosure - The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure,
