February 18, 2022 Palace Amusement Company (PAL) reported six months total revenues of $231.67 million, a 248% increase when compared with the $66.62 million recorded for corresponding period in 2020. Total revenue for the quarter increased 307% to total $151.15 million relative to the $37.14 million recorded for same period in 2020. Direct Expenses for
February 18, 2022 For the October – December 2021 quarter, real GDP is estimated to have grown by 6.0%, relative to the corresponding quarter of 2020. The estimated out-turn was influenced by the following: 1. The continued relaxation of COVID-19 containment measures globally, which facilitated increased domestic and external demand, resulting in a general uptick
February 17, 2022 Equity Market Review January 2022 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was,
United States: Fed Needs to Hike to Slow Inflation Without Recession, Credit Suisse Says “The Federal Reserve needs to deliver a Volcker-style shock to drive down asset prices if it wants to slow inflation without causing a recession, according to Credit Suisse Group AG strategist Zoltan Pozsar. Policy makers should stoke volatility to set off
February 16, 2022 The seasonally adjusted Producer Price Index for final demand jumped 1.0 percent in January, according to the US Bureau of Labor Statistics. This increase comes after gains of 0.4 percent in December 2021 and 0.9 percent in November 2021. Final demand prices increased 9.7% in the year ended January 2022 on an
The executive board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation with Jamaica. Jamaica made good progress to restore macroeconomic and financial stability in the decade preceding the pandemic. Aided by Fund financial support, the fiscal deficit was brought down from 11 percent of GDP in 2009 to a surplus; public debt
United States: U.S. Freight Cost Blowout May Mean Little Inflation Relief Soon “Getting goods to market in the U.S. is becoming costlier by the month and that suggests American shoppers will find little relief from high inflation any time soon. The costs of transportation and warehousing goods for final demand climbed another 1.4% in January
February 15, 2022 SSL Venture Capital Jamaica Limited (SSLVC), for the six months ended December 31, 2021, reported no revenues versus the $19.32 million reported in the prior year’s corresponding period. SSLVC stated that, “The SSL Venture Capital Group ended the reporting quarter with no active operating portfolio company. The revenues earned in the prior
February 15, 2022 Productive Business Solutions Limited (PBS) for the year ended December 31, 2021, reported a 37% increase in revenues from US$161.86 million in 2020 to US$221.92 million in 2021. For the quarter, revenues increased 53% to total US$76.46 million relative to US$49.89 million the prior corresponding quarter. PBS noted, “This year PBS solidified its position as the
February 15, 2022 Expressed in Barbados dollars Eppley Caribbean Property Fund Limited (CPFV), for the three months ended December 31, 2021 reported net rental income of $1.10 million (2020: $936,220), a 17% increase year over year. In addition, share of profit of investments accounted for using the equity method decreased from $417,430 in 2020 to $566,122
