May 17, 2018 Eppley Fund Managers Limited (“Eppley”), Fortress Fund Managers (“Fortress”) and Altman Real Estate (“Altman”) have completed their agreement signed in January 2018, pursuant to which Eppley has now assumed all investment management and advisory responsibilities for the Fortress Caribbean Property Fund Limited SCC. Following a special shareholders’ meeting held in February, the
May 16, 2018 Revenue increased $31.39 million year on year, closing the period at $313.23 million, up from $263.66 million in 2017. Administrative and Other Expenses increased 15%, closing the period at $140.83 million (2017:$122.11 million). As such, Operating Profit increased 22%, closing at $172.40 million (2017:$141.55 million). There was a Fair Value Appreciation on
May 16, 2018 BANK OF JAMAICA LOWERS POLICY RATE Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight deposits with Bank of Jamaica) by 25 basis points to 2.50 per cent. This policy stance reflects the Bank’s assessment of inflation for the next four quarters and beyond.
Daily Market Summary 16.05.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
May 16, 2018 For first quarter ended March 31, 2018, Jamaica Producers Group Limited (JP) experienced a 31% increase in revenue to total $4.48 billion compared to the $3.41 billion reported in 2017. The revenues generated by the various segments are as follows: JP Food & Drink division posted revenues of $2.64 billion relative to
May 16, 2018 Total Revenue for the quarter ended March 31, 2018 grew 7% to $3.39 billion (2017: $3.16 billion). Hotel revenue for the quarter increased to $3.29 billion relative to $2.90 billion in 2017. Interest Income decreased 15% to close at $6.97 million (2017: $8.23 million), while net
May 16, 2018 Derrimon Trading Limited (DTL) grew its Trading Income by 27%, to end the quarter at $1.94 billion compared to the $1.53 billion for the first quarter of 2018. Cost of Sales increased by 27%% to $1.59billion for the period (2017: $1.25 billion). As a result, Gross Profit amounted to $353.48 million relative
May 16, 2018 Revenue totalled $4.95 billion compared to the $4.25 billion recorded for the same period of the prior financial year; this represents a 16.47% increase year over year. Cost of Sales increased by 8.81% from $3.19 billion to $3.47 billion resulting in Gross Profits increasing by 39.57% to close at $1.48billion (2017: $1.06
May 16, 2018 For the nine months ended March 31, 2018, Caribbean Flavours & Fragrances Limited’s (CFF) revenue increased by 1% to $302.98 million relative to $300.67 million for the comparable period in 2017. For the quarter, the Company generated gross revenue of $88.72 million, a marginal increase year over year. Cost of sales also increased
Date: May 16, 2018 Seprod Limited (SEP) has advised that an Officer purchased 4,000 SEP shares on May 7, 2018.
