May 17, 2023 Kingston Wharves Limited (KW) for the three ended March 31, 2023 reported total revenue of $2.29 billion, a 2% increase relative to the $2.25 billion recorded for the corresponding period in 2022. Gross profit for the quarter remained relatively flat at $1.10 billion as cost of sales grew 4% year over year
May 17, 2023 Jamaica Stock Exchange Limited (JSE) for the three months ended March 31, 2023: Total revenue declined 4% to $540.04 million (2022: $561.71 million) following a 44% decline in cess income to $72.31 million (2022: $129.70 million). Notably, fee income increased 9% to $408.32 million (2022: $372.99 million). Total expenses increased 16%
May 17, 2023 Kingston Properties Limited, for the three months period, reported rental income of US$859,924 8% more than the US$797,770 reported in the previous corresponding period. KPREIT noted, “The higher year-on-year figure was mainly due to achieving higher occupancy levels at our properties in Jamaica and the Cayman Islands, as well as increases in
May 17, 2023 Berger Paints Jamaica Limited (BRG) reported total revenues of $717.51 million, a marginal decline relative to $719.01 million reported for the comparable period in 2022. Cost of sales for the period totalled $476.23 million, an increase of 5% relative to the $454.72 million booked in 2022. The company noted, “higher costs of
May 17, 2023 JFP Limited (JFP) recorded a 31% or $34.51 million fall in revenue from $110.28 million in 2022 to $75.77 million in Q1 of FY23. Cost of sales however rose by 1% or $383,607 to $33.39 million (2022: $33.01 million). In regard to revenue, management noted that, “This decline was due to delays beyond
May 17, 2023 Stanley Motta Limited (SML) for the three months ended March 31, 2023: Revenue marginally increased to $127.04 million (2022: $126.79 million). Management noted that the increase can be attributed to the stability in the USD/JMD rate over the quarter since the Company’s rental income is earned in USD. Additionally, it was
May 17, 2023 United States: US Housing Starts Rise in Sign Home Construction Is Stabilizing US housing starts increased in April, adding to evidence that residential real estate is gradually recovering after a yearlong slump. Beginning home construction rose 2.2% to a 1.4 million annualized rate, according to government data released Wednesday. Single-family homebuilding increased
May 16, 2023 Pulse Investment Limited (PULS) recorded operating revenue of $793.14 million, up 19% from the $668.38 million reported in 2022, while operating revenue for the quarter was up 15% to close at $270.55 million (2022: $234.96 million). Administrative and other expenses grew by 10%, closing the nine-month period at $205.80 million (2022: $187.68
May 16, 2023 KEY Insurance Company Limited (KEY) for the quarter ended March 31, 2023, recorded insurance revenue of $585.01 million (2022: $484.35 million). KEY stated that, “This was largely due to the steady premium growth in the non-motor portfolio, which saw an increase of $64.5 million or 49% over the similar period in 2022.”
May 16, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for May 15, 2023, was J$14.66. MJE’s last traded price on May 15, 2023 was $10.01. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
