October 17, 2019 Brent Oil Brent oil prices decreased by 0.51% or US$0.30, as prices decreased this week relative to the prior week. Oil traded on October 17, 2019 at a price of US$58.80 per barrel relative to US$59.10 on October 10, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices
October 16, 2019 Paramount Trading (Jamaica) Limited, for the three months ended August 31, 2019, recorded a 14% decrease in total revenues to $360.57 million from $417.08 million reported in 2018. The company highlighted that, “the reduction in revenue was mainly due to less than expected outturn in the construction and technical grade brands. We
October 16, 2019 Knutsford Express Services Limited (KEX), for the three months ended August 31, 2019 reported total revenue of $324.52 million, an 11% or $31.59 million increase when compared with the $292.93 million reported for the same period in 2018. KEX noted, “this was due to continued demand for our transport services.” Administrative and general
October 16, 2019 Caribbean Cream Ltd. (KREMI) for six months ended August 31, 2019 reported a 5% increase in revenue totalling $839.96 million compared to $799.51 million in the corresponding period last year. Revenue for the second quarter rose 9% to close at $422.30 million compared to $387.76 million for the comparable quarter of 2018.
October 15, 2019 Express Catering Limited’s (ECL), for the three months ended August 31, 2019, revenues increased by 12% for the period to US$4.54 million (Q1 2018: US$4.06 million). Cost of sales (COS) increased by 13% for the period to US$1.23 million (Q1 2018: US$1.09 million). As a result gross profit increased year-on-year for the
October 15, 2019 Margaritaville (Turks) Limited (MTL) for the three months ended August 31, 2019 reported revenues which increased by 12% for the period to US$2.03 million (2018: US$1.82 million). The company commented that revenue was, “earned from the 282,040 passengers that arrived at the port during the period resulting in a spend-per-passenger of US$7.21.” Cost
October 14, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “In August 2019 compared with July 2019, seasonally adjusted industrial production rose by 0.4% in the euro area (EA19) and by 0.1% in the EU28.” However, in July 2019, production declined by 0.4% in the euro area
October 14, 2019 Kingston, Jamaica, October 9 – The GraceKennedy Group took another step towards realising its vision of becoming a Global Consumer Group on Monday, October 7, when it officially opened its brand new Grace/La Fe facility in Woodbridge, New Jersey. The facility, which cost the company some US$5M, will drive increased operating
October 11, 2019 September’s import prices rose 0.2%, according to the U.S. Bureau of Labor Statistics after declining 0.2% the previous month. This advance was mostly attributable to the higher prices in fuel imports and nonfuel goods which declined 0.1%. Nonetheless, export prices fell 0.2% in September relative to a 0.6% decrease the previous month.
October 10, 2019 “The Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in September on a seasonally adjusted basis after rising 0.1% in August. Over the past year, the all items index rose 1.7% before seasonal adjustment. The all items index increased 1.7% over the last 12 months ending September, a similar rise
