Date: November 08, 2019 Grace Kennedy Limited (GK) recorded revenue of $77.03 billion for period (2018: $73.83 billion), a year over year increase of 4%. Revenue for the third quarter of 2019 marginally climbed to $24.32 billion (2018: $25.46 million). The biggest contributor to the group’s overall revenue for the nine month period came from
Date: December 2, 2019 NCB Financial Group Limited (NCBFG) for the year ended September 30, 2019 Net Interest Income increased by 27%, relative to 2018, to total $44.60 billion (2018: $35.14 billion). Management noted, “the growth in our Jamaican loan portfolio accounted for just under half of the increase despite lower interest rates; while the
November 8, 2019 Pulse Investments Limited (PULS), for the three months ended September 30, 2019 reported operating revenue which increased by $20.21 million to $149.27 million in the first quarter relative to $129.06 million the prior year, representing a 16% increase. Administrative and other expenses amounted to $50.34 million (2018: $53.02 million), a decrease of
Date: November 08, 2019 United States: U.S. Says Phase-One China Deal Would Include Tariff Rollback The U.S. and China have agreed to roll back tariffs on each other’s goods in stages as negotiations continue over resolving the more than yearlong trade war, officials on both sides said. “In the past two weeks, top negotiators had
Date: November 7, 2019 Net International Reserves- October 2019 Jamaica’s Net International Reserves (NIR) totaled US$3,169.57 million as at October 2019, reflecting an increase of US$71.52 million relative to the US$3,098.05 million reported as at the end of September 2019 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$74.93
November 7, 2019 Jamaica Broilers Group Limited (JBG) has advised that a connected party purchased 8,700 JBG shares on October 23, 2019. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was,
November 7, 2019 Carreras Limited (CAR) also advised that Mr. Oliver Holmes has been appointed to the Audit Committee effective November 6, 2019. CAR has further advised of the resignation of Mr. Arturo Campero as a Director and a member of the Audit Committee effective November 6, 2019. The Company has advised that the
November 7, 2019 Carreras Limited (CAR) has declared an interim dividend of $0.17 per stock unit payable on December 12, 2019 to shareholders on record as at November 21, 2019. The ex-dividend date is November 20, 2019. Analyst Certification -This research report is for information purposes only and should not be construed as
November 7, 2019 Real GDP in the second quarter of 2019 increased for all 50 states and the District of Columbia. According to the U.S. Bureau of Economic Analysis (BEA), “the percent change in real GDP in the second quarter ranged from 4.7 percent in Texas to 0.5 percent in Hawaii.” The BEA also noted
November 7, 2019 United States: Fed’s Evans Says Rate Cuts Leave U.S. Economy in Good Place “Federal Reserve Bank of Chicago President Charles Evans said the central bank’s three interest-rate cuts this year have left the U.S. economy in a good place. “We’ve made a nice adjustment that takes account of risk management concerns,” Evans
