February 11, 2022 Operating revenue increased by 30% amounting to $433.42 million in the six months period relative to $333.92 million in the prior year. For the quarter, operating revenue closed at $215.51 million (2020: $167.24 million). Administrative and other expenses amounted to $121.32 million compared to $123.85 million, a 2% decrease year over year.
February 11, 2022 Tropical Battery Company Limited (TROPICAL) for the year ended December 31, 2021 recorded revenue in the amount of $661.94 million (2020: $450.99 million), 47% increase when compared to 2020. TROPICAL noted, “This increase of $211 million was achieved through an increase in balanced inventory arrivals, and a tremendous effort on the part
February 11, 2022 Cargo Handlers Limited (CHL), for the first quarter ended December 31, 2021, posted Gross Revenues totaling $116.99 million, up 43% from the $81.71 million achieved in 2020. Gain on Exchange closed at $12.77 million (2020: $595,768) . CHL reported ‘Other Loss’ for the period of $4,616 (2020: ‘Other Income’ of $173,568). Administrative Expenses for their first quarter totaled $6.18 million (2020: $6.19 million), while Other Operating Expenses stood at $46.41 million (2020: $38.56
United States: Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move “Federal Reserve officials are in no rush to raise interest rates prior to their scheduled policy meeting next month, nor is a half percentage-point move in March yet likely, despite a bigger-than-expected jump in consumer prices that stoked speculation about such options.”
February 10, 2022 Lasco Manufacturing Limited (LASM) for the nine months ended December 31, 2021, reported total revenue of $7.05 billion compared to $6.19 billion in 2020. Revenue increased $329.18 million or 16% to a total of $2.40 billion in the third quarter, relative to the $2.07 billion recorded for the comparable quarter in 2020.
February 10, 2022 Jamaican Teas Limited (JAMT) reported a 2% decline in revenues to total $596.10 million (2020: $610.56 million). JAMT stated, “Our first quarter results were modestly down from the prior year. Sales improved in all the divisions except the Real Estate division. Sales in the local manufacturing division rose 19.5 percent but export
February 10 2022, Sagicor Group Jamaica Limited (SJ) has advised that subsequent to approval by their Board of Directors, the Company has entered into a Definitive Agreement for the purchase of 100% of the shares in Alliance Financial Services Limited (AFSL). The deal is subject to due diligence and Regulatory approval and SJ has already
February 10, 2022 FosRich Company Limited (FOSRICH) has also advised that a Manager purchased 10,500 FOSRICH shares on January 28, 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
February 10, 2022 Supreme Ventures Limited (SVL) has advised that a connected party sold 50,000 SVL shares on February 9, 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
Brent Oil Brent oil prices fell by 3.66% or US$3.26 relative to the prior week. Oil traded on February 10, 2022, at US$92.40 per barrel relative to US$89.14 on February 3, 2022. Brent oil opened 2022 year at US$78.98 per barrel. Petrojam prices 87 Octane prices rose by 1.75% (JMD$3.060) and 90 Octane increased by
