Brent Oil Brent oil prices increased by 2.24% or US$0.95, as prices rose this week relative to the prior week. Oil traded on July 16, 2020 at a price of US$43.30 per barrel relative to US$42.35 on July 9, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices increased
July 16, 2020 The seasonally adjusted initial claims, advance estimate, fell to 1,300,000, a decrease of 10,000 for the week ending July 11 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,310,000 from 1,314,000 down by 4,000. In comparison to the previous week’s average,
July 16, 2020 For the three months ended May 31, 2020, Caribbean Cream Limited (KREMI)’s turnover rose by 3% to $429.98 million (2019: $417.67 million). According to the Company, “sales was able to increase during the pandemic due to our distribution model that delivers products directly to neighborhoods and communities. There was an increase in demand
United States: U.S. Initial Jobless Claims Signal Slowing Labor-Market Rebound “Applications for U.S. unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or reversed across the South and West. Initial jobless claims in regular state programs totaled 1.3 million in the week ended July 11, down 10,000 from
July 15, 2020 Radio Jamaica Limited (RJR), for the year ended March 31, 2020, reported revenues of $5.59 billion versus $5.48 billion in 2019, increasing by 2% year over year. For the quarter, revenues closed at $1.25 billion (2019: $1.28 billion). Management noted that, “revenue increased in all segments, Audio 6%; Audio/Visual 1% and Print
July 15, 2020 JMMB Group Limited (JMMBGL) for the year ended March 31, 2020, recorded net interest income of $9.28 billion, a 5% increase when compared with $8.84 billion recorded for the corresponding period in 2019. Interest income for the year amounted to $19.69 billion compared to $17.58 billion reported in 2019. Interest expenses increased
July 15, 2020 Lasco Financial Services Limited (LASF), recorded trading income of $2.40 billion, this represents a growth of 13% when compared to $2.12 billion posted at the end of 2019 while trading income for the fourth quarter amounted to $587.89 million (2019: $489.76 million). LASF noted that, "the segment revenue is comprised of $1.6B from
July 15, 2020 (expressed in United States dollars unless otherwise stated) Portland JSX Limited (PJX), for the three months ended May 31, 2020, reported net loss on financial assets classified as at fair value through profit and loss of $1.33 million compared to a gain of $276,758 recorded in the same period last year. Interest
July 15, 2020 **Prior year period, 2019, was calculated using Segment Report information from Blue Power Group Limited’s Financial Statements: The Lumber Depot Limited (LUMBER), for the nine months ended April 30, 2020, reported revenue of $921.45 million, an increase of 3% year over year (2019: $898.34 million). Cost of sales for the period amounted
July 15, 2020 AMG Packaging & Paper Company Limited (AMG) for the nine months ended May 31, 2020 reported a 9% decrease in revenue to $533.51 million (2019: $587.61 million). Revenue for the quarter fell 15% to close at $170.69 million relative to $199.92 million reported the previous year. Cost of Inventories decreased by 17%
