Sagicor Group Jamaica Limited (SJ) for the three months ended March 31, 2020, reported a decline in total revenues by 16% to $16.81 billion from $20.12 billion in 2019. Total revenue is broken down as follows: Net premium revenue went up by 24% to close at 12.85 billion compared to $10.36 billion documented 2019. Management
May 15, 2020 iCreate Limited (iCreate) the three months ended March 31, 2020 reported revenues of $24.51 million, up from $11.90 million reported a year ago. Icreate hightlighted that, “Our growth in revenue is attributable to a number of initiatives that the company took to ensure we deliver on our commitment to our shareholders. They are
May 15, 2020 Everything Fresh (EFRESH) for the three months ended March 31, 2020, reported total revenues of $489.23 million, an 18% decline from the $593.18 million reported for the same quarter period in 2019. Management noted, “The reduction in sales being primarily due to the effects of the Covid-19 Pandemic in March, as well as, the company’s
May 15, 2020 Caribbean Assurance Brokers (CABROKERS), for the three months ended March 31, 2020, reported revenue of $70.10 million compared to the $74.91 million booked for the corresponding period in the prior year, a 6% decrease. This was mainly due to, “foreign exchange gain which declined by $4.44 million,” according to CABROKERS. Other operating income
May 15, 2020 Productive Business Solutions Limited (PBS) for the three months ended March 2020 reported a 4% decrease in revenues from US$43.56 million for the 2019 period to US$41.91 million in 2020. The Company noted that, revenue included " a one-time transaction of US$ 3.2 million in Honduras." Direct expenses decreased 7% to close
May 15, 2020 Kingston Properties Limited, for the three months period, reported rental income of US$450,080, 1% less than the US$455,199 reported in the previous corresponding period. KPREIT stated that, ‘the lower year on year balance was mainly due to higher than expected vacancy in our Grenada Crescent property in Jamaica compared to the prior year. This
May 15, 2020 Caribbean Flavours and Fragrances (CFF) revenues increased by 33% to $149.39 million relative to $112.58 million for the comparable period in 2019. CFF stated that, “the Company’s improved performance this quarter was driven by a growth in sales in both the local and overseas markets. During this quarter and as a response to the
Daily Market Summary 15.05.2020 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 analyst (s) also certify that no part of their compensation was, is, or will be, directly or
May 15. 2020 Eppley Limited (EPLY) for the three months ended March 31, 2020, reported interest income of $91.29 million a 1% or $544,000 decrease when compared $91.83 million recorded for the corresponding period in 2019. Interest expenses for the period amounted to $50.03 million, a 10% increase when compared to $45.30 million recorded in the
May 15, 2020 GraceKennedy Limited (GK) has declared a dividend of 25 cents per stock unit payable on June 15, 2020 to stockholders on record as at May 29, 2020. The Company’s Register of Members will be closed from the close of business on May 29, 2020 to June 5, 2020. The ex-dividend date is
