14 11, 2017

Overseas Headlines – November 14, 2017

2017-11-14T13:37:36-05:00

Europe: Europe needs fresh push at overhauling banking sector - IMF The International Monetary Fund urged Europe to make a fresh push at strengthening its banking sector on Tuesday, calling for weak institutions to be closed, bigger financial safety buffers and a revival of cross-border M&A. In the text of a speech to a banking

Overseas Headlines – November 14, 20172017-11-14T13:37:36-05:00
13 11, 2017

KPREIT reports 81% decline in nine months Net Profit

2017-11-13T22:23:37-05:00

Kingston Properties Limited (KPREIT) For the nine Months ended September 30, 2017: Kingston Properties Limited reported Rental Income of $147.67 million, 48% more than the $99.55 million reported for 2016. Property management fee of $6.96 million was reported for 2017 relative to none reported in 2016. There was no Other Income reported in 2017 compared

KPREIT reports 81% decline in nine months Net Profit2017-11-13T22:23:37-05:00
13 11, 2017

GK to focus on operation, innovation, convenience and new technology for growth.

2017-11-13T22:14:51-05:00

GraceKennedy Limited’s (GK) Investor Briefing held on November 13 2017 Mr. Don Wehby, GK’s Group Chief Executive Officer (CEO), provided an overview of the company’s strategic plans for the future and its nine month performance year to date. Mr. Wehby began the briefing by speaking on a few of the company’s revenue drivers and recent

GK to focus on operation, innovation, convenience and new technology for growth.2017-11-13T22:14:51-05:00
13 11, 2017

SOS reports 62% increase in nine months net profit.

2017-11-13T18:25:20-05:00

Stationery & Office Supplies Ltd. (SOS) For the nine months ended June 30, 2017: - SOS reported nine months revenue of $664.87 million relative to $523.72 million in 2016 a 27% increase, while for the third quarter revenues amounted to $233.09 million up 37% compared to the $170.24 million reported in the corresponding period of

SOS reports 62% increase in nine months net profit.2017-11-13T18:25:20-05:00
13 11, 2017

CHL records an 8% decline in year-end net profit

2017-11-13T16:18:18-05:00

Cargo Handlers Limited (CHL) for the year ended September 30, 2017 reported revenues of $320.83 million, 4% higher than the $307.77 million booked in 2016. However, revenue for the quarter contracted 11% to $65.39 million relative to $73.40 million documented for the corresponding quarter of 2016. The company noted, “this result was due to a combination

CHL records an 8% decline in year-end net profit2017-11-13T16:18:18-05:00
13 11, 2017

LASF reported a 66% increase in net profit for six months end September 2017

2017-11-13T16:17:48-05:00

Lasco Financial Services Limited (LASF) For the six months ended September 30, 2017: - LASF recorded trading income of $681.28 million; this represented a growth of 35% when compared to $506.21 million posted in 2016, while trading income for the quarter amounted to $378.6 million (2016: $268.73 million). Other income amounted to $33.93 million, an

LASF reported a 66% increase in net profit for six months end September 20172017-11-13T16:17:48-05:00
13 11, 2017

PURITY reports nine months net loss of $22.86 million

2017-11-13T15:19:40-05:00

Consolidated Bakeries (Jamaica) Limited (PURITY) For the nine months ended September 30, 2017 Consolidated Bakeries (Jamaica) Limited (PURITY) for the nine months ended September 30, 2017 recorded a 6% decline in revenue to $643.07 million from $680.64 million reported for the corresponding period in 2016. For the third quarter the company recorded revenue of $195.61

PURITY reports nine months net loss of $22.86 million2017-11-13T15:19:40-05:00
13 11, 2017

Overseas Headlines – November 13, 2017

2017-11-13T13:57:17-05:00

Europe: Euro Economy Is Heading Towards a Golden Period Europe is no longer the sick man of the world economy. The 19-nation euro-zone bloc is already enjoying the strongest growth in a decade and now economists at Credit Suisse Group AG and Oxford Economics are declaring that it’s heading toward a golden period of low-inflationary

Overseas Headlines – November 13, 20172017-11-13T13:57:17-05:00
10 11, 2017

SVL reports a 56% increase in nine months net profit

2017-11-10T21:47:33-05:00

Supreme Ventures Limited (SVL) for the nine months ended September 30, 2017 reported a 25% in revenues from $41.24 billion for the 2017 period, up from $33.06 billion in 2016. While for the third quarter revenues totaled $13.87 million relative to $10.90 million in 2016. Revenues from the company’s segments were as follows: Lottery -

SVL reports a 56% increase in nine months net profit2017-11-10T21:47:33-05:00
10 11, 2017

BRG reports 18% increase in six months net profit.

2017-11-10T21:47:15-05:00

For the six months ended September 30, 2017: Revenues for the six months increased by 6% for the period to close at $1.08 billion (2016: $1.02 billion). For the quarter the company reported revenue of $620.98 million relative to the $512.25 million reported in 2016. The company saw a 5% increase in total operating expenses

BRG reports 18% increase in six months net profit.2017-11-10T21:47:15-05:00