Scotia Group Jamaica Limited (SGJ) for the nine months ended July 31, 2017 reported an improvement in net interest income to $19.93 billion, moving from $18.78 billion for the corresponding period in 2016, while Interest Expenses declined by 11% to total $3.33 billion (2016: $3.76 billion). Interest income for nine months amounted to $23.26 billion, a
Main Event Entertainment Group Limited (MEEG) for the nine months ended July 31, 2017 recorded a total of $941.78 million in revenue compared to $855.21 million booked for the period ended July 31, 2016. Revenue for the quarter rose 15% to close the quarter at $289.63 million relative to $252.22 million booked for the corresponding period
CAC 2000 Limited (CAC) Results for the Third Quarter ended June 30, 2017: Revenues for the third quarter increased by 17% to $231.67 million, compared to $197.52 million for the same period the prior financial year. CAC revenues for the nine months increased 18% to $799.18 million relative to $678.84 million for the comparable period
Jamaica’s Net International Reserves totaled US$3,671.68 million as at August 2017, reflecting an increase of US$935.33 million relative to the US$2,736.35 million reported as at the end of July 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$935.33 million to total US$4,247.21 million compared to the US$3,311.88 million
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The European Central Bank’s (ECB) Governing Council met yesterday and decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and 0.40% respectively. According to Mario Draghi, President of the ECB, he stated, “Based on our
Jamaica Broilers Group (JBG) for the three months ended July 31, 2017, Revenues totalled $11.49 billion, a 15% increase on the $10.02 billion reported in 2016. Total revenue was broken down as follows; The Jamaica Operations contributed $7.87 billion, a 9% increase compared to $7.23 billion for the same period of 2016. JBG noted, “Jamaica
Brent Oil Brent oil prices increased by 6.57%, as prices increased this week. Oil traded on September 6, 2017 at a price of 54.20 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 2.91% . Additionally 90 Octane declined by 2.85% week over week. 87 Octane and 90 Octane opened the year
SOS reported six months revenue of $431.79 million relative to 353.48 million in 2016 a 22% increase, while for the second quarter revenues amounted to $211.603 million up 24% compared to the $171.05 million reported in the corresponding period of 2016. The company’s cost of sales totaled $223.60 million up 24% relative to the $180.65
The Bank of Jamaica (BOJ) released its short-term inflation analysis and forecasts on September 04, 2017. The latest data released showed an inflation rate for July 2017 of 0.6% which was driven mainly by movements in the Food and Non-Alcoholic Beverages division which recorded a 1.2% increase respectively. The Statistical Institute of Jamaica (STATIN) reported
