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10 02, 2022

Overseas Headlines – February 10, 2022

2022-02-10T09:22:04-05:00

February 10, 2022 United States: U.S. Inflation Charges Higher With Larger-Than-Forecast Gain “U.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserve’s plans to start raising interest rates.” https://www.bloomberg.com/news/articles/2022-02-10/u-s-inflation-charges-higher-with-larger-than-forecast-gain?srnd=premium   Europe: A £3 Billion Loss at the

Overseas Headlines – February 10, 20222022-02-10T09:22:04-05:00
9 02, 2022

MAILPAC reports year end net profit of $400 million

2022-02-09T20:11:36-05:00

February 9, 2022 Mailpac Group Limited (MAILPAC)’s revenue amounted to $1.82 billion for the twelve months ended December 31, 2021, 5% greater than $1.73 billion booked for 2020 year end. While, for the quarter, revenues closed at $501.73 million (2020: $512.14 million), 2% lower than the corresponding quarter due to a decline in “online shopping during

MAILPAC reports year end net profit of $400 million2022-02-09T20:11:36-05:00
9 02, 2022

FESCO reports nine months net profit of $170.79 million

2022-02-09T19:58:48-05:00

February 09, 2022 Future Energy Source Company Limited (FESCO) reported $8.01 billion in turnover relative to the $4.35 billion reported in 2020, representing a 84% increase. For their third quarter FESCO recorded a 139% increase in revenue to $3.68 billion from $1.54 billion reported for the corresponding period in 2020. Cost of sales amounted to $7.76

FESCO reports nine months net profit of $170.79 million2022-02-09T19:58:48-05:00
9 02, 2022

LASF reports 71% increase in nine months net profit

2022-02-09T18:28:49-05:00

February 9, 2022 Lasco Financial Services Limited (LASF), for the nine months ended December 31, 2021 recorded trading income of $1.75 billion; this represented a 4% increase when compared to $1.67 billion posted in 2020, while trading income for the quarter amounted to $668.38 million (2020: $527.18 million). Other income increased significantly to $88.36 million

LASF reports 71% increase in nine months net profit2022-02-09T18:28:49-05:00
9 02, 2022

CPJ reports six months net profit attributable to shareholders of US$5.23 million

2022-02-10T09:32:12-05:00

February 9, 2022 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the six months ended December 31, 2021, revenues rose 138% from $24.39 million in 2020 to close the period under review at $58.08 million. For the second quarter, the company also posted a 120% increase in

CPJ reports six months net profit attributable to shareholders of US$5.23 million2022-02-10T09:32:12-05:00
9 02, 2022

US Monthly Wholesale Inventories rose to $634.6 billion, up 0.2% in December 2021

2022-02-09T11:48:50-05:00

February 9, 2022 Sales  After adjusting for seasonal variations and trading day variances but not for pricing adjustments, December 2021 merchant wholesaler sales were $634.6 billion, up 0.2% (±0.4%)* from the revised November level and up 21.8% (±1.9%) from the revised December 2020 level. The percent change from October 2021 to November 2021 was updated

US Monthly Wholesale Inventories rose to $634.6 billion, up 0.2% in December 20212022-02-09T11:48:50-05:00
9 02, 2022

U.S. Goods and Services Deficit was $80.7 billion in December 2021 and $859.1 billion for Year 2021

2022-02-09T11:44:51-05:00

February 09, 2022 The Goods and Services Deficit Increased $182.4 billion Year to Year. The United States Census Bureau and the United States Bureau of Economic Analysis stated that the December goods and services deficit was $80.7 billion, up $1.4 billion from the revised $79.3 billion in November. December exports totaled $228.1 billion, an increase

U.S. Goods and Services Deficit was $80.7 billion in December 2021 and $859.1 billion for Year 20212022-02-09T11:44:51-05:00
9 02, 2022

SEP reports year end net profit of $2.16 billion

2022-02-09T09:58:01-05:00

February 9, 2022 Seprod Limited (SEP) posted revenue totalling $42.91 billion compared to $37.74 billion recorded for the same period of the prior financial year, representing a 14% increase year over year. Revenue for the quarter amounted to $11.76 billion relative to the $9.08 billion reported in 2020. Direct expenses increased by 17% from $27.25

SEP reports year end net profit of $2.16 billion2022-02-09T09:58:01-05:00
9 02, 2022

Overseas Headlines – February 9, 2022

2022-02-09T08:55:51-05:00

United States: Hot Inflation Data Risk Pushing Fed Closer to a Super-Sized Hike “A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more than two decades. The January consumer price index, due Thursday, is one of the most important data releases before the central bank’s March

Overseas Headlines – February 9, 20222022-02-09T08:55:51-05:00
8 02, 2022

Dividend Consideration: QWI Investments Limited (QWI)

2022-02-08T15:16:12-05:00

February 08, 2022, QWI Investments Limited (QWI) has advised that the Board of Directors intends to meet on February 14, 2022 to consider, amongst other things, the payment of a dividend. 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

Dividend Consideration: QWI Investments Limited (QWI)2022-02-08T15:16:12-05:00