February 16, 2021 138SL’s Revenue decreased by 44% to $255.56 million relative to the $455.24 million recorded for the corresponding period last year. Management noted that, “The difference in revenue quarter over quarter is due to the Irvine Hall variation claim.” Other operating income for the period under review rose by 136% to $20.53 million
April 1, 2021 Key Insurance Company Limited (KEY) for the year ended December 31, 2020 reported net premiums written of $942.37 million relative to a negative net premiums written of $340.49 million recorded for the same period in 2019. This performance was due to a 72% decrease in reinsurance ceded which closed the period at
February 16, 2021 In United States dollars (except where it is indicated otherwise): Sygnus Credit Investments Limited, for the six months ended December 31, 2020, reported Interest Income of US$3.60 million 46% increase on the US$2.47 million recorded in 2019. For the quarter, Interest Income rose 42% to US$1.90 million (2019: US$1.35 million). Interest expense
February 16, 2021 Expressed in Barbados dollars Eppley Caribbean Property Fund Limited (CPFV), for the three months ended December 31, 2020 reported net rental income of $936,220 (2019: $843,396), a 11% increase year over year. In addition, share of profit of investments accounted for using the equity method decreased from $544,688 in 2019 to $417,430 for
United States: Yellen Shift on Vast Treasury Cash Pile Poses Problem for Powell “Treasury Secretary Janet Yellen is giving Federal Reserve Chairman Jerome Powell a bit of a headache when it comes to managing the money markets. Already low short-term interest rates are set to sink further, potentially below zero, after the Treasury announced plans
February 15, 2021 Tropical Battery Company Limited (TROPICAL) for the year ended December 31, 2020 recorded revenue in the amount of $450.99 million (2019: $498.24 million), 9% decrease when compared to 2019, “because of supplier shipment delays,” according to Management. Cost of sales amounted to $314.70 million, which represents a 10% decrease in comparison to
February 15, 2021 Salada Foods Jamaica Limited (SALF), for the quarter ended December 31, 2020, recorded a 22% decrease in turnover to $226.36 million (2019: $288.46 million). Cost of sales for the period decreased by 24% to close the quarter at $168.65 million relative to $223.18 million in 2019. As such, gross profit for the quarter
February 15, 2021 In United States dollars (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for the nine months ended December 31, 2020 reported interest income of $8.80 million, a 49% decrease when compared with the $17.29 million reported for the same period in 2019. Interest expense for the period amounted to $6.57 million,
February 15, 2021 JMMB Group Limited (JMMBGL) for the nine months ended December 31, 2020 recorded net interest income of 7.58 billion, an 8% increase when compared with $7.02 billion recorded for the corresponding period in 2019. Interest expenses increased 20% to total $9.24 billion relative to the $7.72 billion recorded for the same period in
February 15, 2021 Carreras Limited, for the nine months ended December 31, 2020, reported Operating Revenue of $10.16 billion, a 1% decline relative to $10.28 billion booked in 2020. Revenue for the quarter closed at $4 billion, compared to $3.64 billion reported for the second quarter of 2019. The company highlighted that, “This Q3 performance
