October 16, 2020 Paramount Trading (Jamaica) Limited, for the three months ended August 31, 2020, recorded a marginal increase of 0.4% in total revenues to $362.01 million from $360.57 million reported in 2019. Direct expenses closed the period at $245.67 million, a 3% decrease relative to the $254.12 million booked a year ago. Gross profit
United States: U.S. Retail Sales Rise Most in Three Months, Topping Estimates “U.S. retail sales rose in September at the fastest pace in three months, topping forecasts and capping a third-quarter rebound for consumer spending that faces increasing headwinds. The value of overall sales increased 1.9% from the prior month after a 0.6% gain in
Brent Oil Brent oil prices decreased by 0.53% or US$0.23, as prices rose this week relative to the prior week. Oil traded on October 15, 2020 at a price of US$43.11 per barrel relative to US$43.34 on October 8, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices increased
October 15, 2020 Seprod Limited (SEP) has advised that a Director purchased 6,020 SEP shares on August 7, 2020. Disclaimer: 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
October 15, 2020 Scotia Group Jamaica Limited (SGJ) has advised that it will appoint Audrey Tugwell Henry President & CEO of Scotia Group Jamaica Limited effective January 1, 2021. Shewill take over from current President & CEO David Noel who will return to Canada to lead the Bank’s Atlantic Region. SGJ has also advised that
October 15, 2020 Kingston Properties Limited (KPREIT) has advised that the Company has completed the acquisition of an 88,000 SF warehouse property on just under four (4) acres of land in Kingston’s Industrial belt. The purchase was funded from cash resources for a consideration of $607.5 million on a sale and leaseback basis. The acquired
October 15, 2020 Portland JSX Limited (PJX), for the six months ended August 31, 2020, net loss on financial assets classified as at fair value through profit and loss amounted to US$1.51 million compared to a gain of US$1.40 million in 2019. PJX recorded net loss on financial assets classified as at fair value through
October 15, 2020 Knutsford Express Services Limited (KEX) Unaudited results for 1st Quarter ended August 31, 2020: Knutsford Express Services Limited (KEX), for the three months ended August 31, 2020 reported total revenue of $121.78 million, a 62% or $202.74 million decrease when compared with the $324.52 million reported for the same period in 2019. KEX
United States: U.S. Jobless Claims Hit Highest Since August in Unexpected Jump “Applications for U.S. state unemployment benefits unexpectedly jumped last week to the highest since August and more Americans moved to longer-term aid, underscoring a recent slowing in the pace of the labor market’s recovery. Initial jobless claims in regular state programs totaled 898,000
October 14, 2020 Mayberry Investments Limited (MIL) has advised that Mrs. Kayone Haynes-Burke has been appointed Group Financial Controller effective October 7, 2020. Disclaimer: 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
