September 11. 2020 Indies Pharma Jamaica Limited (INDIES), for the nine months ended July 31, 2020, reported revenue of $565.83 million, 2% lower than the $575.81 million booked in 2019. For the third quarter, revenue closed at $164.87 million (2019: $214.52 million). Cost of sales, for the nine months ended July 31, 2020, declined by
United States: U.S. Consumer Prices Rose in August on Sharp Gain in Used Cars “U.S. consumer prices rose for a third month in August, driven by the sharpest gain in used-vehicles since 1969, consistent with a gradual pickup in inflation as the economy recovers from the pandemic-induced downturn. The consumer price index rose 0.4% from
Scotia Group Jamaica Limited (SGJ) for the nine months ended July 31, 2020, Scotia Group Jamaica Limited’s (SGJ) Net Interest Income experienced a marginal increase to $18.71 billion, moving from $18.69 billion for the corresponding period in 2019. Of this, Interest Income for the period decreased from $20.67 billion in 2019 to $20.53 billion while
September 10, 2020 For the financial year under review, Chairman of Supreme Ventures Group Limited, Mr. Gary Peart highlighted that, “2019 was a greater year than 2018 showed by the continuous record- breaking performances across the Group.” The Group achieved sales of $38.52 billion (2018: $32.94 billion) and net profit of $2.47 billion (2018: $2.10
United States: More Americans Are Quitting Their Jobs. That’s a Good Sign “The number of U.S. workers who voluntarily left their jobs in July increased to a five-month high, indicating more Americans are becoming sanguine about their prospects of finding a new position as the economy recovers. So-called quits climbed by 344,000 to nearly 3
September 09, 2020 The PIOJ presented the preliminary estimates on economic performance for quarter the April to June 2020 quarter. The following were noted: Overview of Real Industry Developments For April to June 2020, real GDP fell by an estimated 18.0% relative to the corresponding quarter of 2019. The Goods Producing and Services Industries contracted by
United States: U.S. Businesses in China Not Heeding Trump’s Call to Return Home “President Donald Trump says U.S. companies should leave China and return home. A new survey of U.S. businesses in the country shows most aren’t interested in taking him up on the offer. Only about 4% of the more than 200 manufacturers surveyed
September 8, 2020 President and CEO, Mr. Christopher Zacca highlighted the financial performance of Sagicor Group Jamaica (SJ). For the year ended December 31, 2019, revenue amounted to $92.67 billion from $70.66 billion in 2018 to reflect a net profit of $15.46 billion (2018: $13.88 billion). Revenues for the six months ended June 30, 2020 amounted to $38.85 billion (2019: $42.59
September 8, 2020 Jamaica’s Net International Reserves (NIR) totaled US$2,759.39 million as at August 2020, reflecting a increase of US$1.03 million relative to the US$2,758.36 million reported at the end of July 2020 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$5.09 million to total US$3,745.18 million compared
September 8, 2020 Stationery and Office Supplies Limited (SOS) reported outstanding financial performance for 2019, with over $1.2B in revenues and a 60% increase in pre-tax profits. In recent years, the company’s increased emphasis on local production, supply and storage has proven to be successful, as it has seen a 16% rise in inventories. Furthermore, sales
