June 17, 2020 Chairman of Jamaica Teas Limited (JAMT), Mr. John Jackson, heaped praise on the Company noting, “Jamaican Teas completed a very successful year to September 2019, in which Total Comprehensive Income more than doubled from $241 million last year to $483 million in the financial year just ended.” He further highlighted that, “JAMT
June 16, 2020 Sagicor Real Estate XFUND Limited, for the three months ended March 2020, reported total revenue of $1.34 billion relative to $1.78 billion recorded in 2019, a 25% decline year over year. XFUND mentioned that, “Hotel revenue had been on an upward trend until the latter part of the quarter, when the Group
June 16, 2020 The Limners and Bards Limited (LAB), for the six months ended April 30, 2020, reported 41% increase in revenues to close at $471.42 million versus $334.48 million booked in 2019. Revenues for the second quarter rose by 44% to $208.42 million (2019: $145.11 million). The LAB stated that, “the revenue growth was driven
United States: U.S. Retail Sales Soared a Record 17.7% in May, Double Forecast “U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen. Sales soared 17.7% from the prior month, the most
June 15, 2020 Portland JSX Limited (PJX) reported net gains on financial assets classified as at fair value through profit and loss of US$2.31 million compared to a loss of US$665,282 in 2019. PJX recorded a net gain on financial assets classified as at fair value through profit and loss for the fourth quarter of
United States: U.S. Futures Fall, Treasuries Rise on Virus Fears: Markets Wrap “U.S. equity futures tumbled and Treasuries rallied on signs that a second wave of the pandemic is emerging. S&P 500 futures sank 2%, with airline stocks leading losses in U.S. premarket trading. The dollar strengthened against most other currencies. Oil futures traded near
United States: Don’t Give Up on Bringing Manufacturing Back to the U.S. “More than three years ago, Donald Trump was elected president on a promise to bring U.S. manufacturing back from China. Even before the coronavirus pandemic hit, Trump’s economic expansion -- which became the longest on record -- didn’t even manage to restore all
June 11, 2020 Indies Pharma Jamaica Limited (INDIES), for the six months ended April 30, 2020, reported revenue of $400.96 million, 11% higher than the $361.30 million booked in 2019. For the second quarter, revenue closed at $207.24 million (2019: $193.12 million). Cost of sales, for the six months ended April 30, 2020, rose by
United States: U.S. Jobless Claims Continue Gradual Decline, Remain Elevated Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic. Initial jobless claims for regular state programs totaled 1.54 million in the week ended June 6, down from 1.9 million
June 10, 2020 The Federal Reserve reiterated its commitment to using its full range of tools to support the U.S. economy in this challenging time, thereby pursuing its maximum employment and price stability goals. The advent of coronavirus outbreak caused tremendous human and economic hardship across the United States and around the World. The outbreak has resulted
