13 03, 2020

U.S. import prices fell 0.5% while export prices decreased 1.1% in February 2020

2020-03-13T15:02:29-05:00

March 13, 2020 February’s import prices fell 0.5%, according to the U.S. Bureau of Labor Statistics after rising 0.1% the previous month. This decline was mostly attributable to the falling prices in fuel imports which more than offset the higher prices in non-fuel imports. Nonetheless, export prices decreased 1.1% in February relative to a 0.6%

U.S. import prices fell 0.5% while export prices decreased 1.1% in February 20202020-03-13T15:02:29-05:00
12 03, 2020

DCOVE reports 31% decline in year end net profits

2020-03-12T16:20:22-05:00

March 12, 2020 Expressed in United States Dollars unless otherwise stated Dolphin Cove (DCOVE) reported total revenue of US$14.87 million, a 0.12% decrease when compared to US$14.89 million booked the year prior. For the quarter total revenues declined by 1% to close the period at US$3.23 million versus $3.27 million in the previous year. Revenue

DCOVE reports 31% decline in year end net profits2020-03-12T16:20:22-05:00
12 03, 2020

SGJ reports 23% decline in first quarter net profit attributable to shareholders

2020-03-12T11:24:41-05:00

March 12, 2020 Scotia Group Jamaica Limited (SGJ) for the three months ended January 31, 2020, reported a decline in net interest income to $6.17 billion, relative to $6.20 billion for the corresponding period in 2019.  Interest expenses declined by 8.41% to total $627.92 million (2019: $685.61 million). Interest income for the quarter decreased from

SGJ reports 23% decline in first quarter net profit attributable to shareholders2020-03-12T11:24:41-05:00
11 03, 2020

LUMBER reports six months net profit of $37.48 million

2020-03-12T09:13:20-05:00

Date: March 11, 2020 **Prior year period, 2019, was calculated using Segment Report information from Blue Power Group Limited’s Financial Statements: The Lumber Depot Limited (LUMBER), for the six months ended January 31, 2020, reported revenue of $628.40 million, an increase of 6% year over year (2019: $591.69 million). Cost of sales for the period

LUMBER reports six months net profit of $37.48 million2020-03-12T09:13:20-05:00
11 03, 2020

Honey Bun increased export sales by 40%

2020-03-11T16:01:26-05:00

March 11, 2020 HONBUN experienced double digit improvements in the Company’s top and bottom line as a direct result of expenditure in high capacity machinery and the renewed push into export sales which grew by 40%, according to Chairman, Herbert Chong. The Company’s Chief Executive Officer (CEO), Mrs. Michelle Chong, highlighted that for the 2019

Honey Bun increased export sales by 40%2020-03-11T16:01:26-05:00
9 03, 2020

KLE reports year end net loss of $16.81 million

2020-03-09T15:18:08-05:00

March 09, 2020 K.L.E Group Limited (KLE), for the year ended December 31, 2019, recorded total revenue of $224.57 million (2018: $219.93 million), representing a 2% increase. Whereas revenue, for the fourth quarter ended December 31, 2019, rose 12% to $70.68 million (2018: $63.28 million). Notably, KLE mentioned that, “Revenue is directly related to sales from

KLE reports year end net loss of $16.81 million2020-03-09T15:18:08-05:00
6 03, 2020

JBG reports 14% decline in nine months net profit attributable to shareholders

2020-03-06T20:04:55-05:00

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

JBG reports 14% decline in nine months net profit attributable to shareholders2020-03-06T20:04:55-05:00
6 03, 2020

U.S. Unemployment Rate was little changed at 3.5% in February

2020-03-06T14:29:11-05:00

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,

U.S. Unemployment Rate was little changed at 3.5% in February2020-03-06T14:29:11-05:00
5 03, 2020

U.S. Productivity climbed 1.2% in fourth-quarter 2019

2020-03-05T14:58:43-05:00

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

U.S. Productivity climbed 1.2% in fourth-quarter 20192020-03-05T14:58:43-05:00
4 03, 2020

BPOW reports 34% decline in nine months net profits

2020-03-04T13:51:22-05:00

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

BPOW reports 34% decline in nine months net profits2020-03-04T13:51:22-05:00