February 20, 2019 Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) by 25 basis points to 1.50 per cent. This decision reflects Bank of Jamaica’s forecast that inflation, which is currently below the target of 4.0 per cent to 6.0 per cent,
Date: February 20, 2018 Caribbean Cement Company Limited (CCC) for the for the year ended December 31, 2018 reported total revenue for the year ended December 31, 2018 of $17.57 billion, a 6% or $1.06 billion increase when compared with the $16.51 billion reported in 2017. Total revenue for the quarter amounted to $4.33 billion reflecting
Date: February 18, 2019 Access Financial Services Limited (AFS) for the nine months ended December 31, 2018, reported total interest income of $1.24 billion, a 19% increase when compared with the $1.04 billion reported for the same time period in 2017. Of this, Interest Income from Loans amounted to $1.23 billion (2017: $1.03 billion) while Interest
Date: February 18, 2019 Consumer Price Index – January 2019 The consumer price index for the month of January 2019 recorded a negative inflation rate of 0.2%, following the 0.1% decline in its index for December 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of January fell
Date: February 18, 2019 Please click below to view today’s featured stock. Weekly Picks 18.02.19 MDS The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents
Date: February 14, 2019 Honey Bun (1982) Limited (HONBUN) for the three months ended December 31, 2018 booked a 14% increase in revenue to $369.01 million, up from $322.83 million. The Company’s cost of sales increased by 9% to $194.15 million (2017: $178.87 million) which consequently led to a 21% increase in gross profit to close
Date: February 14, 2019 Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for the nine months ended December 31, 2018 reported interest income of $21.52 million, a 2% increase when compared with the $21.09 million reported for the same period in 2017. Total interest income for the quarter amounted to $7.34
Date: February 12, 2019 Salada Foods Jamaica Limited (SALF) for the quarter ended December 31, 2018, recorded a 24% decline in turnover for the quarter to $172.34 million (2017: $227.76 million). The company stated that, “The decline arose in October 2018 from an accident in the boiler room wherein both boilers were damaged and had to
Date: February 11, 2019 Please click below to view today’s featured stock. Weekly Picks 11.02.19 SALF The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents
Date: February 5, 2019 For the first quarter ended December 31, 2018, Barita Investments Liminted (BIL) Interest income declined marginally by 1% during the three month period, amounting to $253.06 million relative to $254.95 million for the comparable period in 2017. Interest expense also declined to close at $129.46 million compared to $174.17 million in
