February 8, 2021 Jamaica’s Net International Reserves (NIR) totalled US$2,982.80 million as at January 2021, reflecting a decrease of US$147.99 million relative to the US$3,130.79 million reported at the end of December 2020 (see figure 1). This change in the NIR resulted from a US$147.64 million decrease in Foreign Assets which total US$3,938.11 million compared
February 08, 2021 Lasco Distributors Limited (LASD), for the nine months ended December 31, 2020, posted 6% growth in revenue to $15.23 billion, up from $14.30 billion in the corresponding period in 2019. For the quarter, revenue also increased by 6% closing at $5.17 billion (2019: $4.90 billion). Cost of sales amounted to $12.44 billion,
February 08, 2021 Jamaican Teas Limited (JAMT) reported a 41% increase in revenues to total $610.56 million (2019: $433.08 million). JAMT stated that this increase was “due to increased export sales which almost doubled from a year ago. The Real Estate Division contributed to the improved profits following completion of our Manor Park apartment complex.
February 08, 2021 Lasco Manufacturing Limited (LASM) for the nine months ended December 31, 2020, reported total revenue of $6.19 billion compared to $5.84 billion in 2019. Revenue increased $70.53 million or 4% to a total of $2.07 billion in the third quarter, relative to the $2 billion recorded for the comparable quarter in 2019.
February 08, 2021 Operating revenue increased by 7% amounting to $333.92 million in the six months period relative to $312.48 million in the prior year. For the quarter, operating revenue closed at $167.24 million (2019: $163.21 million). Administrative and other expenses amounted to $123.85 million compared to $127.41 million, a 3% decrease year over year.
February 8, 2021 Weekly Picks 8.02.21 GENAC 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 analyst (s) also certify that no part of their compensation was, is,
United States: Yellen, Summers Spar About Overheating Risk in Stimulus Plan “In making the case for a mammoth $1.9 trillion economic relief package, President Joe Biden and his acolytes had maintained that economists across the board agreed that now is the time to go big in the fight against the pandemic. Well, so much for
February 05, 2021 Dennis Cohen, Group Chief Financial Officer and Deputy Chief Executive Officer, highlighted the financial performance of the NCB Financial Group. Net operating revenues was up 19% year over year for the FY2020 to $108.83 billion from $91.18 billion in 2019. Net profit for FY2020 totalled $26.88 billion, a decrease of 14% compared to $31.16
February 05, 2021 Jamaica Broilers Group Limited (JBG) has advised that at a meeting of the Board of Directors held on February 3, 2021, Mr. Bruce Bowen was appointed Chairman of the Company’s Audit Committee. Disclaimer Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about
February 5, 2021 Supreme Ventures Limited (SVL) through its subsidiary Supreme Ventures Fintech Limited, has advised of the purchase of a 51% majority shareholding in McKayla Financial Services Limited, a Kingston-based microfinance company. For further information, please visit www.jamstockex.com Disclaimer Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited
