Date: February 20, 2018 At the Annual General Meeting held at AMG Packaging & Paper Company Limited on February 20, 2018, The Chairman, Mr. Barrington Chisholm formally made the introductions and welcome of the board of directors and the general audience. It was highlighted that for the financial year ended August 31, 2017, that the
February 20, 2018 Seprod Limited (SEP), for the year ending December 31, 2017, reported Revenue of $16.21 billion compared to the $15.78 billion recorded for the prior financial year; this represents a 2.7% increase year over year. SEP noted, “the export segment delivered a 46% growth over prior year, despite some key markets being
February 20,2018 United States: Dollar Rises With Treasury Yields; Stocks Struggle: Markets Wrap Treasuries fell, with investors driving the benchmark yield up to the highest level in four years, as the dollar advanced with oil futures in New York. European shares erased earlier gains and U.S. futures slipped. Debt investors appeared to be trading with
Date: February 19, 2018 Pulse Investments Limited, for the six months ended December 31, 2017, reported revenue increased 15%, closing at $216.79 million, from $188.49 million in 2016, while for the quarter, revenue amounted to $97.41 million up by 21% compared to the $80.39 million booked in 2016. Administrative and Other Expenses went up
February 19,2018 United States: U.S. Treasury Official Says Economists Lowballing Tax-Cut Impact Economists are underestimating how rapidly the U.S. economy will grow from tax cuts that are encouraging companies to invest and create jobs, a senior Treasury official said. “Despite the stock-market volatility, the economy is enjoying a period of relative strength and prosperity in
February 16, 2018 Productive Business Solutions Limited (PBS) for the year ended December 31, 2017, reported a 1% increase in revenues from US$171.13 million for the 2016 period to US$171.99 million in 2017. Direct expenses recorded a decline to close the period at US$98.09 million when compared to US$100.36 million for the same period of 2016.
February 16, 2018 Sweet River Abattoir & Supplies Company Limited (SRA) for the nine months ended December 31, 2017, recorded a 7% decline in revenue to $239.43 million relative to $257.10 million in the same period in 2016. Revenue for the quarter declined 6% to close at $73.98 million relative to $78.87 million. Cost of
Date: April 3, 2018 Kindly see audited results for ISP Finance Services Limited below: ISP Finance Services Limited (ISP), for the year ended December 31, 2017 reported Total Interest Income of $288.74 million compared to $231.80 million in 2016, an increase of 25%. For the fourth quarter, Total Interest income amounted to $78.04 million (2016: $63.01
Date: April 9, 2018 Kindly see audited results for General Accident Insurance Company Limited below: General Accident Insurance Company Limited (GENAC) For the year ended December 31, 2017 reported Gross premium written of $7.11 billion, 26% higher than the $5.65 billion reported for 2016. Reinsurance ceded rose 28% to close at $5.56 billion relative to
February 16, 2018 Interest income declined marginally by 6% during the three month period, amounting to $254.95 million relative to $270.27 million for the comparable period in 2016. Interest expense also declined to close at $174.17 million compared to $193.12 million in 2016. As a result, net interest income increased by 5% to $80.78 million
