August 18, 2020 1834 Investments Limited (1834) has advised that the following appointments were approved at a Board of Directors’ meeting held on July 30, 2020: 1. Joseph M. Matalon, CD was elected Chairman of the Board of Directors 2. Hon. Douglas R. Orane, CD was elected Vice Chairman of the Board of Directors 3. Monica Ladd
August 18, 2020 Salada Foods Jamaica Limited (SALF) has advised that the Company received a letter from the Jamaica Agricultural Commodities Regulatory Authority (JACRA) directing the Company, pursuant to the Jamaica Agricultural Commodities Regulatory Authority Regulations 2018 Section 19, to now include 30% local coffee content in the formulation of its instant coffee powder with effect on
August 18, 2020 K.L.E Group Limited (KLE), for the six months ended June 30, 2020, the Company recorded a total revenue of $80.45 million (2019: $101.87 million), representing a 21% decrease in revenue. For the second quarter revenues decreased 85% to total $7.78 million (2019: $52.15 million). Cost of sales went down by 16% to $24.64 million
August 18, 2020 In United States dollars (except where it is indicated otherwise): MPC Caribbean Clean Energy Limited (MPCCEL), for the six months ended June 30, 2020, reported an 11% decrease in total expenses in the amount of $76,198 (2019: $85,306), of which accountancy fees and administrative fees increased 19% to $7,000 (2019: $5,863) and 99%
August 18, 2020 SOS reported six months revenue of $472.12 million relative to $638.55 million in 2019, a 26% decrease year over year, while for the second quarter revenues amounted to $135.21 million down 54% compared to the $295.08 million reported in the corresponding quarter of 2019. The Company’s cost of sales totalled $244.36 million down 23% relative
United States: Trump Pledges Tax Credits, Tariffs to Redirect Jobs from China “President Donald Trump said he’ll punish American companies that move jobs abroad and reward firms with tax breaks for shifting work from China to the U.S., proposals aimed at hastening the decoupling of the world’s largest economies. “We will create tax credits for
August 17, 2020 PANJAM Investment Limited (PJAM) for six months ended June 30, 20120 reported an 85% decrease in total income to $335.75 billion relative to $2.30 billion booked for the prior year’s corresponding period. For the quarter, total income decreased 69% to close at $538.35 billion (2019: $1.72 billion). Of total income: Investment losses amounted
September 29, 2020 Elite Diagnostic Limited (ELITE) for the year ended June 30, 2020 booked a 9% increase in revenue to total $439.80 million compared to $404.87 million in 2019. ELITE noted, “Despite the increase in revenue, the company experienced challenges with the St Ann location, equipment breakdown and the effects of Covid-19. With the delay of
August 17, 2020 Consolidated Bakeries (Jamaica) Limited (PURITY) recorded a 1% decrease in revenue to $543.63 million from $548.67 million reported for the corresponding period in 2019. For the second quarter the company recorded a revenue of $244.58 million (2019: $275.03 million), representing an 11% decline year over year. Cost of sales for the period slid
August 17, 2020 JETCON for the six months ended June 30, 2020 reported total turnover of $313.73 million, 33% less than the $467.17 million reported for the corresponding period in 2019. Jetcon noted, “After a challenging 2019 financial year, your company started off 202) with some positive signs that suggested the year would show encouraging
