10 11, 2020

MAILPAC reports 67% increase in nine months net profit

2020-11-10T11:55:08-05:00

November 10, 2020 Mailpac Group Limited (MAILPAC)’s revenue amounted to $1.21 billion for the nine months ended September 30, 2020, 42% greater than $851.44 million booked twelve months earlier. While, for the quarter, revenues closed at $476.54 million. Cost of sales totalled $623.04 million (2019: $409.61 million). As a result, gross profit amounted to $584.35 million

MAILPAC reports 67% increase in nine months net profit2020-11-10T11:55:08-05:00
10 11, 2020

Overseas Headlines- November 10, 2020

2020-11-10T08:27:02-05:00

United States: U.S. Trade Policy Is Ready for its Biden Makeover “If he winds up facing a hostile Senate, President-elect Joe Biden will struggle to make sweeping policy changes. But for better or worse, executive power has expanded to the point where Biden will be able to make progress on a number of fronts without

Overseas Headlines- November 10, 20202020-11-10T08:27:02-05:00
9 11, 2020

PULS reports 24% increase in first quarter net profit

2020-11-09T16:10:57-05:00

November 9, 2020 Pulse Investments Limited (PULS), for the three months ended September 30, 2020 reported a $17.41 million increase in operating revenue  to $166.69 million in the first quarter relative to $149.27 million the prior year, representing a 12% increase. Administrative and other expenses amounted to $55.52 million (2019: $50.34 million), an increase of

PULS reports 24% increase in first quarter net profit2020-11-09T16:10:57-05:00
9 11, 2020

LASM reports 31% increase in six months net profit

2020-11-09T16:06:21-05:00

November 9, 2020 Lasco Manufacturing Limited (LASM) for the six months ended September 30, 2020, recorded an increase of $276.02 million or 7% in revenue to total $4.12 billion relative to the $3.85 billion recorded for the comparable period in 2019. For the second quarter, total revenue closed at $2.28 billion (2019: $2.06 billion), a

LASM reports 31% increase in six months net profit2020-11-09T16:06:21-05:00
9 11, 2020

FIRSTROCK reports nine months net profit attributable to shareholders of US$2.40 million

2020-11-09T16:02:18-05:00

November 9, 2020 FIRSTROCK Capital Holdings Group (FIRSTROCK), for the nine months ended September 2020, recorded total investment income of US$4.80 million (2019: US$989,888). Of this, Rental income amounted to US$324,971 (2019: US$9,471). Realised and unrealised gains on investments totalled US$3.45 million versus US$386,231 reported in 2019. Interest income closed at US$1.06 million (2019: US$219,885)

FIRSTROCK reports nine months net profit attributable to shareholders of US$2.40 million2020-11-09T16:02:18-05:00
9 11, 2020

MDS reports six months net loss of $13.11 million

2020-11-09T14:33:52-05:00

November 9, 2020 Medical Disposables & Supplies Limited (MDS) Unaudited Financial Statements for Six Months ended September 30, 2020: Medical Disposables & Supplies Limited, for the six months ended September 2020 reported Revenue amounting $1.14 billion, an increase of 2%, relative to $1.12 billion booked the previous year. For the second quarter revenues totalled $630.16

MDS reports six months net loss of $13.11 million2020-11-09T14:33:52-05:00
9 11, 2020

LASD reports 27% increase in six months net profit

2020-11-09T14:29:33-05:00

November 9, 2020 Lasco Distributors Limited (LASD) Unaudited Financial Statements for Six Months ended September 30, 2020: Lasco Distributors Limited (LASD), for the six months ended September 30, 2020, posted 7% growth revenues to $10.06 billion, up from $9.41 billion in the corresponding period in 2019. For the quarter, revenues increased by 6% closing at

LASD reports 27% increase in six months net profit2020-11-09T14:29:33-05:00
9 11, 2020

Net International Reserves- October 2020

2020-11-09T12:36:32-05:00

November 9, 2020 Jamaica’s Net International Reserves (NIR) totalled US$2,893.31 million as at October 2020, reflecting an increase of US$145.81 million relative to the US$2,747.49 million reported at the end of September 2020 (see figure 1). This significant change in the NIR resulted from a US$146.25 million increase in Foreign Assets which total US$3,859.62 million

Net International Reserves- October 20202020-11-09T12:36:32-05:00
9 11, 2020

WISYNCO reports 28% decrease in three months net profits

2020-11-09T16:07:30-05:00

November 09, 2020 Wisynco Group Limited (WISYNCO) reported total revenue of $8.07 billion for the first quarter ended September 30, 2020, a 6% decrease when compared with the $8.58 billion reported for the same period in 2019. Management noted, “We did see some pockets of improvement and were pleased that our exports rose 43% or approximately $56

WISYNCO reports 28% decrease in three months net profits2020-11-09T16:07:30-05:00
9 11, 2020

TJH reports nine months net loss of US$3.83 million

2020-11-09T16:07:21-05:00

November 09, 2020 Transjamaican Highway Limited (TJH), for the nine months ended September 30, 2020, reported a 17% decrease in revenue to US$32.63 million relative to US$39.26 million in the corresponding period last year. Revenue for the third quarter amounted to US$11.22 million (2019: US$13.32 million), a 16% decrease. TJH noted that, “this decrease resulted mainly from

TJH reports nine months net loss of US$3.83 million2020-11-09T16:07:21-05:00