13 11, 2020

CHL reports 13% decline in year end net profit

2020-11-13T13:38:48-05:00

November 13, 2020 For the year ended September 30, 2020, Cargo Handlers Limited (CHL) revenue for the year reduced by 23% year over year to $283.46 million versus $366.45 million booked for 2019. Revenue for the quarter contracted 23% to $54.31 million versus $70.59 million booked for the same quarter of 2019. CHL noted, “The

CHL reports 13% decline in year end net profit2020-11-13T13:38:48-05:00
13 11, 2020

tTech reports 35% decline nine months net profit

2020-11-13T13:35:31-05:00

November 13, 2020 tTech Limited (tTech), for the nine months ended September 30, 2020, booked a marginal increase in revenues to $262.63 million compared to $262.08 million recorded for the prior financial year’s corresponding period. Revenue for the third quarter declined 12% to $92.35 million relative to $105.17 million for the same quarter of 2019.

tTech reports 35% decline nine months net profit2020-11-13T13:35:31-05:00
13 11, 2020

VMIL reports 27% decrease in nine months net profit

2020-11-13T11:46:51-05:00

November 13, 2020 Victoria Mutual Investments (VMIL) reported total interest income of $733.45 million, an increase of 19% relative to the $615.37 million recorded for the corresponding period in 2019. Interest income for the quarter improved 26% to $271.71 million relative to $216.96 million in 2019. Interest expense for the nine months amounted to $481.33

VMIL reports 27% decrease in nine months net profit2020-11-13T11:46:51-05:00
13 11, 2020

NCBFG reports 14% decline in year end net profit

2020-11-13T11:30:25-05:00

November 13, 2020 Net Interest Income increased by 18%, relative to 2019, to total $52.49 billion (2019: $44.60 billion). While, for the quarter, net interest income closed at $14.85 billion (2019: $14.34 billion).  Net Fees and Commission Income amounted to $21.37 billion, an increase of 11% on 2019’s $19.18 billion. NCBFG indicated, “improvements in net

NCBFG reports 14% decline in year end net profit2020-11-13T11:30:25-05:00
12 11, 2020

Trade in Shares:  QWI Investments Limited (QWI)

2020-11-12T17:14:14-05:00

November 12, 2020 QWI Investments Limited (QWI) has advised that a connected party purchased 2,500,000 QWI shares on November 9, 2020. 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

Trade in Shares:  QWI Investments Limited (QWI)2020-11-12T17:14:14-05:00
12 11, 2020

Special Advisory: JMMB Group Limited (JMMBGL)

2020-11-12T17:13:57-05:00

November 12, 2020 JMMB Group Limited (JMMBGL): The Board of Directors of JMMBGL at its meeting held on Monday, November 9, 2020, granted approval for the Company to conduct a public offering of Cumulative Redeemable Preference Shares (the “Offer”). The Offer is being made in Jamaica only, and the distribution of the Prospectus shall only

Special Advisory: JMMB Group Limited (JMMBGL)2020-11-12T17:13:57-05:00
12 11, 2020

Dividend Consideration: General Accident Insurance Company Jamaica Limited (GENAC)

2020-11-12T17:13:11-05:00

November 12, 2020 General Accident Insurance Company Jamaica Limited (GENAC) has advised that its Board of Directors will meet on November 18, 2020 to consider the payment of dividends to stockholders. 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

Dividend Consideration: General Accident Insurance Company Jamaica Limited (GENAC)2020-11-12T17:13:11-05:00
12 11, 2020

JSE reports 30% decrease in nine months net profit

2020-11-12T17:09:11-05:00

November 12, 2020 Jamaica Stock Exchange Limited (JSE), for the nine months ended September 30, 2020 recorded total revenue of $1.26 billion, a 9% decrease when compared to the $1.39 billion booked for the prior year’s similar period. While total revenue for the quarter amounted to $373.24 million (2019: $515 million). Of this: Cess income fell by 55%

JSE reports 30% decrease in nine months net profit2020-11-12T17:09:11-05:00
12 11, 2020

Sygnus reports 51% increase in three months net profit

2020-11-12T13:36:08-05:00

November 12, 2020 In United States dollars (except where it is indicated otherwise) Sygnus Credit Investments Limited, for the three months ended September 30, 2020 reported Interest Income of approximately US$1.70 million, a 51% increase on the US$1.13 million recorded in 2019. Interest expense for the quarter amounted to US$412,546 (2019: US$40,937), resulting in net

Sygnus reports 51% increase in three months net profit2020-11-12T13:36:08-05:00
12 11, 2020

SSLVC reports three months net loss attributable to shareholders of $17.47 million

2020-11-12T13:36:14-05:00

November 12, 2020 SSL Venture Capital Jamaica Limited (SSLVC), for the three months ended September 30, 2020, reported revenues of $18.25 million compared to $51.03 million in the prior year. Cost of sales for the quarter amounted to $18.07 million (2019: $34.71 million), resulting in a gross profit of $179,632 relative to $16.32 million booked

SSLVC reports three months net loss attributable to shareholders of $17.47 million2020-11-12T13:36:14-05:00