May 21, 2024 Jetcon Corporation Limited (JETCON) Unaudited financials for the three months ended March 31, 2024: Jetcon Corporation Limited (JETCON) for the three months ended March 31, 2024, reported a 24% decrease in Revenue totaling $136.44 million compared to $179.71 million in the corresponding period last year. Cost of Sales amounted to $112.38 million
May 21, 2024 VM Investments Limited (VMIL) for the year ended December 31, 2023, reported an 8% increase in Interest Income totaling $1.51 billion compared to $1.40 billion in the corresponding period last year. Interest Income for the fourth quarter had a 49% decline to close at $190.79 million compared to $373.08 million for
May 21, 2024 Lumber Depot Limited (LUMBER) has advised that it has acquired a 35% interest in Atlantic Hardware & Plumbing Company Limited (“Atlantic”). Atlantic is a 30-year-old Jamaican company that is engaged in the wholesaling and distribution of hardware, building materials, plumbing, electrical, tools, and supplies to hardware stores, contractors, and developers across
May 21, 2024 Jetcon Corporation Limited(JETCON) Audited financials for the year ended December 31, 2023: Jetcon Corporation Limited (JETCON) reported a 35% decrease in turnover totaling $672.52 million for the year ended December 31, 2023, compared to $1.03 billion in the corresponding period last year. This 35% year-over-year decline can be attributed to increasing competition
May 21, 2024 According to preliminary estimates of the euro area balance, the surplus in goods trade with the rest of the world in March 2024 was €24.1 billion, up from +€19.1 billion in March 2023. March 2024 saw €245.4 billion in goods exported from the euro area to the rest of the world, a
May 21, 2024 Spur Tree Spices Jamaica Limited (SPURTREE) Audited financials for the year ended December 31, 2023: Spur Tree Spices Jamaica Limited (SPURTREE) for the year ended December 31, 2023, reported a 42% increase in Revenue totalling $1.46 billion compared to $ in the corresponding period last year. Cost of Sales amounted to $1.05
May 21, 2024 MAILPAC Group Limited (MAILPAC) Unaudited financials for the first quarter ended March 31, 2024: MAILPAC Group Limited (MAILPAC) for the first quarter ended March 31, 2024, reported a 7% decrease in revenue totalling $368.50 million compared to $398.01 million in the corresponding three months last year. Cost of Sales amounted to $170.60
May 21, 2024 Pulse Investments Limited (PULS) for the nine months ended March 31, 2024, reported a 7% increase in Turnover totaling $845.45 million compared to $793.14 million in the corresponding period last year. Turnover for the third quarter had an 8% increase to close at $293.23 million compared to $270.55 million for the comparable
May 21, 2024 At its meetings on May 16-17, 2024, the Bank of Jamaica's Monetary Policy Committee (MPC) decided to keep the policy interest rate at 7.0%, ensure stability in the foreign exchange market, and maintain tight Jamaican dollar liquidity. This decision was influenced by the 5.3% inflation rate from April 2023 to April
May 21, 2024 United States: Fed’s Waller Needs ‘Several More’ Months of Good Inflation to Cut Rates Federal Reserve Governor Christopher Waller said he needs to see “several more” months of good inflation figures to begin interest-rate cuts, though recent data suggest progress has likely resumed. Waller said April consumer price figures, which showed a
