Monthly Economic Review- August 2017
mckoy2017-09-22T19:25:34-05:00Monthly Economic Review - August 2017
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09, 2017
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09, 2017
Mayberry rejects Berger offer
mckoy2017-09-22T17:16:48-05:00On July 24, 2017, Ansa Coating International Limited (ACI) purchased 100 per cent of shareholdings in Lewis Berger (Overseas Holdings) Limited (“LBOH Acquisition”). As a result of this acquisition, Ansa indirectly holds 109,332,222 ordinary shares in Berger Paints Jamaica Limited (BRG), which represents 51.01 per cent of the shares in issue. As the majority shareholder,
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09, 2017
Gas Price Movement September 21, 2017
damali morgan2017-09-21T15:37:48-05:00Brent Oil Brent oil prices increased by 2.05%, as prices increased this week. Oil traded on September 21, 2017 at a price of 56.29 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 0.94% . Additionally 90 Octane declined by 0.92% week over week. 87 Octane and 90 Octane opened the year
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09, 2017
Government Operations Results for July 2017
mckoy2017-09-19T17:56:57-05:00Government Operations Results for July 2017 For the period of April 2017 to July 2017, the GOJ reported Total Revenues & Grants of $166.21 billion, $5.9 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 8.1% relative to the $153.8 billion recorded for the corresponding period in 2016.
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09, 2017
PULSE reported a 26.7% decline in net profit for 2017FY
mckoy2017-09-19T15:51:25-05:00Revenue increased 11.5% year on year, closing the year at $391.00 million, up from $350.58 million in 2016, while for the quarter revenue amounted to $127.34 million down 5.1% compared to the $134.23 million booked in 2016. Administrative and Other Expenses increased 7.15%, closing the year at $217.12 million relative to 2016’s $202.63 million. As
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09, 2017
Consumer Price Index- August 2017
mckoy2017-09-18T19:04:22-05:00The inflation rate for the month August 2017 was 0.3%, following an upward movement of 0.6% in July 2017. The division which recorded the highest movement for the month was ‘Recreation and Culture’ with a 1.3% growth, while the index for ‘Food and Non-Alcoholic Beverages’ advanced by 0.6%. STATIN reported that the increase in ‘Recreation
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09, 2017
Blue Power Group Annual General Meeting
mckoy2017-09-16T00:57:13-05:00The Blue Power Group held its annual General meeting on Friday September 15, 2017. The Group’s Managing Director, Major Noel Dawes, gave an analysis of the company’s performance over the last financial year and most recent quarter. Maj. Dawes noted that, “the financial year shows increased sales and improved profits. Overall sales for the twelve
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09, 2017
MTL reported a 47% decline in net profit 2017FY
mckoy2017-09-15T18:26:15-05:00Revenue amounted to US$6.53 million, 5% less than the US$6.86 million recorded for the prior financial year. Cost of sales amounted to US$2.03 million relative to US$2.81 million recorded the previous year. This resulted in gross profit of US$4.51 million, a decline of 6% compared to the US$4.77 million reported in 2016. Total expenses
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09, 2017
SIJL reported a 3% increase in net profit for nine months 2017
mckoy2017-09-14T16:44:53-05:00Net Interest Income declined by 7% or $99.45 million when compared with the same period a year ago, to total $1.03 billion. This as interest income fell by 4% to close at $2.08 billion, while interest expenses declined 1% to close the period at $1.05 billion. For the quarter Net Interest Income totaled $345.10 million
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09, 2017
Gas Price Movement September 14, 2017
damali morgan2017-09-14T14:31:12-05:00Brent Oil Brent oil prices increased by 1.77%, as prices increased this week. Oil traded on September 14, 2017 at a price of 55.16 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.48% . Additionally 90 Octane declined by 1.44% week over week. 87 Octane and 90 Octane opened the year