September 30, 2020 Unemployment rates trended upward for the month of August in 387 of the 389 metropolitan areas and lower in 2 states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 37 areas had jobless rates of less than 5.0 percent and 6 areas had rates of at
September 30, 2020 The way is now clear for Derrimon Trading Limited to approach the equities market with another public offering (APO) of shares to raise what is believed to be as much as $4.8 billion. This following last Friday's (September 25) approval by shareholders of four resolutions at the company's annual general meeting (AGM)
United States: U.S. Firms Added 749,000 Jobs in September, ADP Report Show “U.S. companies added 749,000 jobs in September, a private report showed, indicating the labor market’s gradual rebound is continuing as demand rises from the depths of the coronavirus pandemic. Businesses’ payrolls increased after an upwardly revised 481,000 rise in August, according to ADP
September 29, 2020 James Rawle, Managing Director of LASCO Manufacturing Limited, commented on the financial performance of the Company. Lasco Manufacturing, for the year ended March 31, 2020, total revenue increased by 4% from $7.57 billion in 2019 to $7.89 billion in 2020.Net profit for the year was $983.68 million, 9% lower than last year’s net
September 29, 2020 At the Extraordinary General Meeting, Sygnus Credit Investments outlined its purpose for the Additional Public Offering. Management further stated that the objective for release is this year. Firstly, Management commented on the financial performance for the FY2020, total investment income increased 39.8% to US$4.5 million (2019: $3.21 million) but translated in a
September 29, 2020 SSL Venture Capital Jamaica Limited (SSLVC), for the year ended June 30, 2020, reported revenues of $116.76 million versus $332.27 million reported in the prior year’s corresponding period. Cost of sales amounted to $105.12 million (2019: $275.87 million), thus resulting in gross profit of $11.64 million relative to $56.40 million booked last year. Gross
United States: Trump’s Jobs Record Fell Short of Promises Even Before the Virus “Four years later, Trump heads into the November election on track to be the first U.S. leader since World War II to oversee a net loss of jobs during a four-year term. The pandemic upended the nation’s record-long expansion and triggered the
September 28, 2020 Ian Kelly, Group Chief Financial Officer & Divisional Director – Sampars of Derrimon Trading Limited, commented on the financial performance of the business. Revenue moved from $9.30 billion to $12.65 billion in 2019, a 36% increase, mainly driven by the distribution business. Net profit amounted to $302.71 million, a 9% growth when compared
September 28, 2020 Following its application to the Financial Services Commission (“FSC”) in June 2020, NCB Financial Group Limited’s (“NCBFG") wholly owned subsidiary in Jamaica, NCB Insurance Company Limited (“NCBIC”) has received approval that will enable NCBFG to streamline the insurance business currently offered by its subsidiaries, NCBIC and Guardian Life Limited (“GLL”). This approval
United States: Fastest-Growing U.S. Job Failed to Lift Pay for Black Women “A job in home-based health care, America’s quickest-growing industry, felt like a step up the ladder for Shawanna Ferguson when she left her fast-food job a decade ago. But in terms of pay and security, it didn’t turn out to be much of
