October 23, 2019 “The past year was challenging but one in which we experienced exceptional growth,” stated by Chairman, Mrs. Natalia Gobin-Gunter, at the 3rd Annual General Meeting of Key Insurance Company Limited (KEY). She added that despite the increase in growth there was a sharp rise in the company’s claim experience. Consequently, management responded
October 23, 2019 During the period January to July 2019 the Jamaica’s imports amounted US$3,833.9 million increasing by 11.8% relative to US$3,429.8 million for the corresponding period in 2018 based on data released by the Statistical Institute of Jamaica (STATIN). Revenue from total exports totalled US$1,007.8 million for the period under review, a decline of
October 22, 2019 According to Eurostat, “In the second quarter of 2019, the seasonally adjusted general government deficit to GDP ratio stood at 0.7% in the euro area (EA19), compared with 0.6% in the first quarter of 2019.” In addition, the deficit to GDP stood at 0.9% in the EU28, an increase compared with 0.8%
October 18, 2019 The Bureau of Labour Statistics reported that, “Unemployment rates were lower in September in 7 states, higher in 4 states, and stable in 39 states and the District of Columbia.” Last year, there were seven states with jobless rate decreases, 2 states had increases and the District had little or no change.
Seasonally adjusted production in the construction fell by 0.5% in the euro area (EA19) and fell by 0.2% in the EU28 in August compared with July 2019. According to Eurostat’s first estimates stated in July 2019, “production in construction decreased by 0.2% in the euro area and increased by 0.5% in the EU28. In August
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
