November 17, 2020 Sagicor Real Estate XFUND Limited (XFUND), for the nine months ended September 2020, reported total revenue of $2.01 billion relative to $4.76 billion reported in 2019, a 58% decline year over year. XFUND stated, “Our direct hotel operations segment which comprised DTO and JGM contributed $2.13 billion, 55% below prior year. Travel-related
November 17, 2020 Sagicor Select Fund Manufacturing & Distribution (SELECTMD) for the nine months ended September 30, 2020 reported net investment loss of $890.15 million relative to net investment income of $34.32 million. While for the quarter net investment loss closed at $53.43 million compared to net investment income of $34.32 million. Dividend income totalled $48.93 million
November 17, 2020 BANK OF JAMAICA HOLDS POLICY RATE Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum. Monetary policy decisions taken by Bank of Jamaica are aimed at ensuring that the annual
November 17, 2020 Sagicor Select Funds Limited (SELECTF), for the nine months ended September 30, 2020 reported net investment loss of $1.69 billion relative to an income of $1.01 billion booked September 30, 2019. As for the quarter, net investment income amounted to $92.62 million relative to an income of $577.41 million booked last year
November 17, 2020 In Barbados dollars (except where it is indicated otherwise): Eppley Caribbean Property Fund Limited (CPFV), for the year ended September 30, 2020 reported net rental income of $2.95 million (2019: $1.80 million), a 64% increase. In addition, share of loss of investments accounted for using the equity method amounted to $2.53 million
November 17, 2020 1834 Investments Limited (1834) posted revenue of $9.49 million, a 25% decline when compared to $12.65 million reported for the comparable period in 2019. For the quarter, revenue went down by 34% to $4.58 million (2019: $6.98 million). Other operating income increased by 40% to $38.26 million (2019: $63.91 million). As such,
November 17, 2020 Consumer Price Index – October 2020 According to the Statistical Institute of Jamaica (STATIN) the consumer price index for October 2020 was 106.9 resulting in an inflation rate of 0.8%, a 0.6% increase when compared to the previous month’s 106.1 price index. Notably, STATIN indicated that the main contributor to this increase
November 17, 2020 For the first quarter ended September 30, 2020:- Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ), for the first three months ended September 30, 2020 reported that revenues decreased by 65%, to close the period at $9.35 million compared to the
November 17, 2020 General Accident Insurance Company Limited (GENAC), for the nine months ended September 30, 2020, reported Gross premium written of $9.32 billion, 4% higher than the $8.94 billion reported for 2019. Excess of loss reinsurance increased to $126.09 million, from $99.63 million reported in 2019 while Reinsurance ceded slightly increased to $7.21 billion relative
November 17, 2020 Key Insurance Company Limited (KEY) for the nine months ended September 30, 2020 reported a 222% increase in net premiums written to $642.85 million relative to $199.62 million recorded for the same period in 2019. This performance was because of a 57% decrease in reinsurance ceded which closed the period at $402.22
