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15 02, 2022

PBS reports year end net profit attributable to shareholders of US$6.07 million

2022-02-15T13:44:29-05:00

February 15, 2022 Productive Business Solutions Limited (PBS) for the year ended December 31, 2021, reported a 37% increase in revenues from US$161.86 million in 2020 to US$221.92 million in 2021. For the quarter, revenues increased 53% to total US$76.46 million relative to US$49.89 million the prior corresponding quarter. PBS noted, “This year PBS solidified its position as the

PBS reports year end net profit attributable to shareholders of US$6.07 million2022-02-15T13:44:29-05:00
15 02, 2022

CPFV reports 13% increase in three months net profit

2022-02-15T12:36:33-05:00

February 15, 2022 Expressed in Barbados dollars Eppley Caribbean Property Fund Limited (CPFV), for the three months ended December 31, 2021 reported net rental income of $1.10 million (2020: $936,220), a 17% increase year over year. In addition, share of profit of investments accounted for using the equity method decreased from $417,430 in 2020 to $566,122

CPFV reports 13% increase in three months net profit2022-02-15T12:36:33-05:00
15 02, 2022

BIL reports first quarter net profit of $1.07 billion

2022-02-15T11:19:09-05:00

February 15, 2022 For the first quarter ended December 31, 2021, Barita Investments Limited (BIL) net interest income rose by 29% amounting to $472.69 million relative to $367.38 million for the comparable quarter in 2020. “This increase was driven focused on expanding the Group’s credit and fixed income portfolios through the efficient deployment of on-balance

BIL reports first quarter net profit of $1.07 billion2022-02-15T11:19:09-05:00
15 02, 2022

WIG reports nine months net profit of $277.50 million

2022-02-15T11:08:50-05:00

February 15, 2022 Wigton Windfarm Limited, for the nine months ended December 31, 2021, reported sales of $1.58 billion, a 19% decrease on the $1.94 billion reported in the prior year. Revenue for the quarter decreased by 36% to $367.45 million (2020: $578.60 million). WIG indicated, “The nine months period, April to December 2021, saw

WIG reports nine months net profit of $277.50 million2022-02-15T11:08:50-05:00
15 02, 2022

138SL reports 10% decline in three months net profit

2022-02-15T11:04:29-05:00

February 15, 2022 138SL’s Revenue increased by 8% to $276.27 million relative to the $255.56 million recorded for the corresponding period last year. Other operating income for the period under review fell by 87% to $2.62 million compared to $20.53 million a year earlier. Administrative expenses declined by 5% to amount to $134.50 million (2020:

138SL reports 10% decline in three months net profit2022-02-15T11:04:29-05:00
15 02, 2022

SML reports year end net profit of $908.20 million

2022-02-15T11:00:38-05:00

February 14, 2022 Stanley Motta Limited (SML) for the year ended December 31, 2021, booked an 8% increase in revenue to total $492.92 million compared to $458.18 million for the same period in 2020. For the quarter, revenue increased by 8% to $125.95 million in 2021 compared to $117.04 million the previous year. SML indicated that,

SML reports year end net profit of $908.20 million2022-02-15T11:00:38-05:00
15 02, 2022

Sygnus reports 95% increase in six months net profit

2022-02-15T10:08:35-05:00

February 15, 2022 In United States dollars (except where it is indicated otherwise): Sygnus Credit Investments Limited, for the six months ended December 31, 2021, reported Interest Income of US$4.70 million 31% increase on the US$3.60 million recorded in 2020. For the quarter, Interest Income rose 29% to US$2.46 million (2020: US$1.90 million). Interest expense

Sygnus reports 95% increase in six months net profit2022-02-15T10:08:35-05:00
15 02, 2022

Overseas Headlines – February 15, 2022

2022-02-15T08:48:55-05:00

United States: Fed’s Bullard Urges Front-Loading Hikes to Ensure Inflation Credibility “Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank needs to move forward its plans to raise interest rates to underline the Fed’s inflation-fighting credibility. “I do think we need to front-load more of our planned removal of accommodation

Overseas Headlines – February 15, 20222022-02-15T08:48:55-05:00
14 02, 2022

GENAC reports 78% increase in year end net profits attributable to shareholders

2022-02-14T21:17:54-05:00

February 14, 2022 General Accident Insurance Company Limited (GENAC), for the year ended December 31, 2021 reported gross premium written of $13.96 billion, 16% higher than the $12.05 billion reported for 2020. Reinsurance ceded also rose by 16% to close at $10.48 billion relative to $9.07 billion booked in 2020. Excess of loss reinsurance trended

GENAC reports 78% increase in year end net profits attributable to shareholders2022-02-14T21:17:54-05:00
14 02, 2022

CAR reports 18% increase in nine months net profit

2022-02-14T20:28:49-05:00

February 14, 2022 Carreras Limited, for the nine months ended December 31, 2021, reported Operating Revenue of $11.72 billion, a 15% increase relative to $10.16 billion booked in 2021. Revenue for the quarter closed at $4.53 billion, compared to $4 billion reported for the second quarter of 2020. Cost of Operating Revenue rose year over year by

CAR reports 18% increase in nine months net profit2022-02-14T20:28:49-05:00