Date: March 6, 2020 For the nine months ended January 31 ,2020, Jamaica Broilers Group (JBG) reported total revenues of $40.58 billion, a 1% increase on the $40.27 billion reported in 2019. Revenue for the third quarter closed at $14.31 billion (2019: $14.55 billion). Total revenue for the nine months is broken down as follows. Of
March 06, 2020 Total nonfarm payroll employment increased by 273,000 in February, as the rate of unemployment was little changed at 3.5%, according to a report by the U.S. Bureau of Labour Statistics. Gains were reported in the following; Health care and social assistance, food services and drinking places, government, construction, professional and technical services,
March 5, 2020 Nonfarm Business Sector Nonfarm business sector labour productivity inched up 1.2% in the fourth quarter of 2019 as output rose 2.4% and hours worked climbed 1.2%. Year over year, the fourth quarter of 2018 to the fourth quarter of 2019, productivity grew 1.8%, resulting in a 2.6% increase in output and a
March 04, 2020 BPOW for the nine months ended January 31, 2020 revenues declined by 10% to $342.46 million relative to $380.60 million recorded in 2019. For the third quarter, revenue marginally increased 1% from $110.20 million in 2019 to $111.03 million in 2020. Management highlighted, “Blue Power Group’s revenue is now derived from
March 03, 2020 Based on the Federal Open Market Committee (FOMC) assessment, the U.S. economy remains robust, however the coronavirus poses sprouting risks to activity within the economy. The FOMC lowered the target range for the federal fund rate by 0.5%e point to 1% – 1 ¼% to support achieving its maximum employment and
Date: March 02, 2020 Sagicor Select Fund Manufacturing & Distribution (SELECTMD) for the twelve months ended December 31, 2019 reported net investment income of $200.56 million. While for the quarter, net investment income amounted to $152.79 million. Fees and other income closed the twelve months period at $220,000, however for the quarter, fees and other
March 02, 2020 Sterling Investments Limited (SIL) for the year ended December 31, 2019 reported a 34% increase in total revenue to $148.37 million compared to $110.45 million recorded for the corresponding period in 2018. The Company noted that, “the increase reflected increased foreign exchange earnings and trading gains.” Of total revenue: Interest income closed
March 02, 2020 GraceKennedy Limited (GK) recorded revenue of $103.09 billion for the period (2018: $97.54 billion), a year over year increase of 6%. Revenue for the quarter of 2019 improved by 10% to $26.06 billion (2018: $23.72 billion). GK highlighted that, “this is a historic achievement, the first time that the Group has surpassed
March 02, 2020 Sagicor Select Funds Limited (SELECTF), for the year ended December 31, 2019 reported net investment income of $1.04 billion. Dividend income closed the year ended December 31, 2019 at $104.23 million, moreover, other net changes in fair value on financial assets at fair value totalled $931.83 million, while investment income amounted to
March 02, 2020 Caribbean Flavours and Fragrances (CFF), revenues increased to $462.46 million for the twelve months ended December 31, 2019. Cost of sales amounted to $323.30 million. Management noted, “the company faced significant increase in logistics costs and increases from suppliers this resulted in substantial increases in cost of sales.” Consequently, gross profit amounted
