May 18, 2021 Kingston Properties Limited, for the three months period, reported rental income of US$709,695, 58% more than the US$450,080 reported in the previous corresponding period. KPREIT, “The higher year on year revenue was mainly due to (1) acquisition of new properties during the second half of 2020, (2) achieving full occupancy at our Grenada
May 18, 2021 Jamaica Producers Group Limited (JP), for the three months ended March 31, 2021, booked a 6% increase in revenue to total $5.48 billion compared to the $5.15 billion reported in 2020. The Food and Drink Division reported a 9% increase in revenue to total $3.34 billion relative to $3.07 billion reported in
May 18, 2021 Consolidated Bakeries (Jamaica) Limited (PURITY) for the first quarter ended March 31, 2021 recorded a 3% decline in revenues to $290.96 million from $299.05 million reported for the corresponding period in 2020. Cost of sales for the period fell by 4% to close at $175.59 million (2020: $182.38 million), leading to a
United States: U.S. Housing Starts Trail Estimate, Hinting at Supply Chain Woes “U.S. housing starts fell by more than forecast in April, suggesting that supply-chain constraints and rising materials costs continue to hold builders back. Residential starts decreased 9.5% in April to a 1.57 million annualized rate, according to government data released Tuesday. The median
May 17, 2021 Reported in Barbados Dollars unless otherwise indicated: Eppley Caribbean Property Fund Limited (CPFV), for the six months ended March 31, 2021 reported net rental income of $1.90 million (2020: $1.69 million), a 12% increase. In addition, share of profit of investments accounted for using the equity method decreased from $1.05 million in
May 17, 2021 Sagicor Real Estate XFUND Limited, for the three months ended March 2021, reported total revenue of $1.06 billion relative to $1.31 billion recorded in 2020, a 19% decline year over year. Hotel revenue for the three months decreased to $721.02 million in 2021 versus $1.35 billion in 2020, a 47% decline year
May 17, 2021 Sterling Investments Limited (SIL) for the three months ended March 31, 2021, reported a 63% increase in total revenue to $80.43 million compared to $49.33 million recorded for the corresponding period in 2020. Management noted, “This was driven by larger F/X gains, an increase in interest income and an increase in the gains on sale of
May 17, 2021 Eppley Limited (EPLY) for the three months ended March 31, 2021, reported interest income of $71.39 million a 22% decline when compared $91.29 million recorded for the corresponding period in 2020. Interest expenses for the period amounted to $54.05 million, an 8% increase when compared to $50.03 million recorded in the prior year.
May 17, 2021 Productive Business Solutions Limited (PBS) for the three months ended March 2021 reported an 18% increase in revenues from US$41.91 million for the 2020 period to US$49.34 million in 2021. PBS noted the increase was, “led primarily by the technology segment of the Company. The last two quarters the company generated $100.0
May 17, 2021 Sagicor Select Fund Manufacturing & Distribution (SELECTMD) for the three months ended March 31, 2020 reported net investment income of $508.62 million relative to a loss of $1.08 billion booked March 31, 2020. This is comprised of: Interest income which amounted to $347,000 (2020: $781,000). Dividend income which closed at $23.87 million (2020: $18.77
