July 29, 2020 monetary20200729a1 The Federal Reserve announced its decision to hold interest rates steady as economic activity, sharp declines and employment remain below their levels at the beginning of the year. Despite some uptick in recent months, the coronavirus outbreak has caused widespread human and economic hardship across the United States and around the
July 29, 2020 Lasco Distributors Limited (LASD), for the three months ended June 30, 2020, posted an 8% increase in revenue to $4.70 billion, up from $4.34 billion booked in the corresponding period in 2019. Cost of sales amounted to $3.81 billion, up 10% on the $3.47 billion reported in the prior comparable period. Consequently,
Date: July 29, 2020 Lasco Manufacturing Limited (LASM) for the three months ended June 30, 2020 recorded an increase of 3% in total revenue to total $1.85 billion, relative to the $1.79 billion recorded for the comparable period in 2019. Cost of sales amounted to $1.13 billion (2019: $1.12 billion) for the quarter, a marginal
MPC Caribbean Clean Energy Limited (MPCCEL), for the three months ended March 31, 2020, recorded a total expenses amount of US$39,208. The breakdown for total expenses is as followed: Accountancy fees closed the period at US$4,400 (2019: US$4,013). Administrative fees for the quarter amounted to US$28,584 versus US$26,017 recorded in the prior corresponding quarter. Directors’
July 28, 2020 Caribbean Cement Company Limited (CCC) for the six months ended June 30, 2020, reported total revenue of $9.33 billion, a 2% increase from $9.13 billion reported a year ago. Revenue for the quarter also inched up 2% to close at $4.78 billion compared to $4.68 billion in 2019. Cost of Sales as
July 28, 2020 Cargo Handlers Limited (CHL) has advised that the Board of Directors’ meeting scheduled for August 4, 2020 has been rescheduled to August 11, 2020. At this meeting, the Directors will consider the payment of an interim dividend for the year 2020. Analyst Certification -The views expressed in this research report accurately reflect
July 28, 2020 According to the latest report provided by the Eurostat, in the first quarter of 2020, household real consumption per capita fell by 3% in the euro area, while the previous quarter decreased by 0.4%. Additionally, Eurostat noted that, “this movement was due to the COVID19 containment measures implemented by Member States in
Chairman Mr. Michael McMorris, of Victoria Mutual Investments Limited, commended the company on a tremendous performance in its second year of operations as a listed entity. The company through this pivotal year, recorded significant wins and milestones. Proudly, VMIL achieved meaningful wins and milestones in 2019 compared to 2018 such as: $171.74 million increase in
United States: The Next WTO Chief Treads a Fine Line Between the U.S. and China “The race for the top post of the World Trade Organization is often characterized as another key battleground in a U.S. versus China struggle for hegemonic supremacy. That may be a bit overblown, but there’s certainly a ring of truth
July 27, 2020 weekly Picks 27.07.2020 DTL 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,
