19 05, 2020

SELECTF reports first quarter net loss of $ 1.48 billion

2020-05-19T16:32:22-05:00

May 19, 2020 Sagicor Select Funds Limited (SELECTF), for the Three months ended March 31, 2020 reported net investment loss of $1.46 billion relative to an income of $18.23 million booked March 31, 2019. Management noted, “Total Income of negative $1,459 million was largely attributable to the unrealized loss in the value of the investments.

SELECTF reports first quarter net loss of $ 1.48 billion2020-05-19T16:32:22-05:00
19 05, 2020

SML reports 10% decline in first quarter net profit.

2020-05-19T16:23:46-05:00

May 19, 2020 Stanley Motta Limited (SML), for the three months ended March 31, 2020 booked a 10% increase in revenue to total $112.02 million compared to $101.61 million for the same period in 2019. The Company mentioned that, “due to an increase in rental space and the devaluation of Jamaican dollar to the US

SML reports 10% decline in first quarter net profit.2020-05-19T16:23:46-05:00
19 05, 2020

Overseas Headlines – May 19, 2020

2020-05-19T09:14:31-05:00

United States: U.S. Housing Starts Slumped by Most on Record in April “U.S. home construction starts plunged in April by the most in records back to 1959, as the nationwide lockdown to control the spread of the coronavirus hammered the housing market and broader economy. Residential starts plummeted 30.2% to an 891,000 from a month

Overseas Headlines – May 19, 20202020-05-19T09:14:31-05:00
18 05, 2020

VMIL reports first quarter net loss of $36.90 million

2020-05-18T16:30:19-05:00

May 18, 2020 Victoria Mutual Investments (VMIL) for the three months ended March 31, 2020 reported total interest income of $241.75 million, an increase of 20% relative to the $201 million recorded for the corresponding period in 2019. Interest expense for the period amounted to $161.90 million, a 29% increase relative to the $125.82 million

VMIL reports first quarter net loss of $36.90 million2020-05-18T16:30:19-05:00
18 05, 2020

DTL reports 34% increase in first quarter net profit

2020-05-18T16:17:36-05:00

May 18, 2020   Derrimon Trading Limited (DTL), for the three months ended March 31, 2020, reported trading income of $3.32 billion compared to the $3.15 billion booked for the prior year’s comparable period, a 5% increase. DTL indicated, “The distribution and retail arms of the business for the three (3) months recorded revenue of $3.01 billion

DTL reports 34% increase in first quarter net profit2020-05-18T16:17:36-05:00
18 05, 2020

CPFV reports a 34% increase in six months net profit.

2020-05-18T09:23:32-05:00

May 18, 2020 Eppley Caribbean Property Fund Limited (CPFV) For the six months ended March 31, 2020: - Reported in Barbados Dollars unless otherwise indicated:   Eppley Caribbean Property Fund Limited (CPFV), for the six months ended March 31, 2020 reported net rental income of $1.69 million (2019: $730,771), a 132% increase. In addition, share

CPFV reports a 34% increase in six months net profit.2020-05-18T09:23:32-05:00
18 05, 2020

Overseas Headlines- May 18, 2020

2020-05-18T08:57:54-05:00

United States: U.S. Equity Futures Extend Gain on Vaccine Hope: Markets Wrap. “U.S. stock-index futures extended gains on Monday after an experimental vaccine showed promising early signs of helping to fend off the new coronavirus. Crude oil advanced. S&P 500 contracts jumped to session highs after Moderna Inc. said its vaccine tests yielded signs it

Overseas Headlines- May 18, 20202020-05-18T08:57:54-05:00
17 05, 2020

IMF Executive Board Approves a US$ 520 Million Disbursement to Jamaica to Address the COVID-19 Pandemic

2020-05-17T10:44:28-05:00

May 17, 2020 The IMF Executive Board approved Jamaica’s request for emergency financial assistance of about US$520 million to help meet the urgent balance-of-payments needs stemming from the COVID-19 pandemic. The Jamaican authorities have adopted timely and targeted measures to boost health spending and mitigate the economic impact of the pandemic, supporting jobs and vulnerable

IMF Executive Board Approves a US$ 520 Million Disbursement to Jamaica to Address the COVID-19 Pandemic2020-05-17T10:44:28-05:00
16 05, 2020

SIL reports a first quarter net profit of $4.59 million

2020-05-16T14:46:03-05:00

May 16, 2020 Sterling Investments Limited (SIL) for the three months ended March 31, 2020, reported a 2858% increase in total revenue to $49.33 million compared to $1.67 million recorded for the corresponding period in 2019. Of total revenue: Interest income closed the period at $27.70 million, up 27% from the $21.83 million for the comparable

SIL reports a first quarter net profit of $4.59 million2020-05-16T14:46:03-05:00
16 05, 2020

KREMI reports 38% decline in year end net profit

2020-05-16T12:24:51-05:00

May, 16, 2020   Caribbean Cream Limited (KREMI), for the year ended February 29, 2020, reported a 10% increase in revenue to total $1.71 billion compared to $1.55 billion booked last year. Revenue for the fourth quarter rose 16% to close at $470.92 million compared to $405.17 million for the comparable quarter of 2019. Costs

KREMI reports 38% decline in year end net profit2020-05-16T12:24:51-05:00