February 14, 2022 JMMB Group Limited (JMMBGL) for the nine months ended December 31, 2021 recorded net interest income of $8.98 billion, an 18% increase when compared with $7.58 billion recorded for the corresponding period in 2020. Interest expenses increased 26% to total $11.68 billion relative to the $9.24 billion recorded for the same period in 2020. Net
February 14, 2022 Elite Diagnostic Limited booked a 22% increase in revenue to total $288.37 million from $236.07 million booked the same period in 2020. Revenue for the second quarter rose by 17% to $147.54 million (2020: $126.36 million). Direct costs for the period increased 13%, closing at $97.19 million, up from $86.31 million reported the prior year, while
February 4, 2022 GWEST Corporation Limited (GWEST), for the nine months ended December 31, 2021 booked Total revenue of $108.67 million, an increase of 24% when compared with the $87.32 million booked last year. Revenue increased by 13% or $4.22 million for the third quarter, amounting to $36.72 million (2020: $32.51 million). The company highlighted that
February 14, 2022 Honey Bun (1982) Limited (HONBUN) for the three months ended December 31, 2021 booked a 44% increase in revenue to $664.70 million, up from $461.32 million reported twelve months earlier. HONBUN noted, “Our Shorty Bread products have continued to be well received by our customers and significantly contributed to sales increase.” The Company’s
February 14, 2022 Figures are quoted in United States dollars (except where it is indicated otherwise): Transjamaican Highway Limited (TJH), for the year ended December 31, 2021, reported a 16% increase in revenue to US$52.76 million relative to US$45.38 million in the corresponding period last year. Revenue for the fourth quarter amounted to US$15.29 million
February 11, 2022 The Consumer Price Index for All Urban Consumers (CPI-U) climbed 0.6 percent on a seasonally adjusted basis in January, according to the U.S. Bureau of Labor Statistics. Before seasonal adjustment, the all items index gained 7.5 percent over the previous 12 months. Food, electricity, and shelter index increases were the major contributors
February 11, 2022 After almost two years of the pandemic, destinations are wary of making guarantees, and with good reason. But growing numbers of visitors and a sense that COVID-19 is moving from pandemic status, to endemic, has many Caribbean islands hopeful for the months to come. While 2022 will likely shape up to be
February 11, 2022 Tropical Battery Company Limited (TROPICAL) for the year ended December 31, 2021 recorded revenue in the amount of $661.94 million (2020: $450.99 million), 47% increase when compared to 2020. TROPICAL noted, “This increase of $211 million was achieved through an increase in balanced inventory arrivals, and a tremendous effort on the part
United States: Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move “Federal Reserve officials are in no rush to raise interest rates prior to their scheduled policy meeting next month, nor is a half percentage-point move in March yet likely, despite a bigger-than-expected jump in consumer prices that stoked speculation about such options.”
February 10, 2022 Jamaican Teas Limited (JAMT) reported a 2% decline in revenues to total $596.10 million (2020: $610.56 million). JAMT stated, “Our first quarter results were modestly down from the prior year. Sales improved in all the divisions except the Real Estate division. Sales in the local manufacturing division rose 19.5 percent but export
