CPJ traded largest volume year to date

CPJ traded largest volume year to date

 

Caribbean Producers (Jamaica) Limited (CPJ) is an institutional food service distributor selling consumable products to the hospitality industry. CPJ is a national food, non-food, wines & spirits distributor for major, internationally renowned brands. It also manufactures its own line of beverages and meat products.

On June 12, 2017, 111,527,530 units changed hands trading within the price range of $3.29 to $3.30 during the day.  This represents the largest volume traded over the past year, as between June 9, 2016 and June 9, 2017, on average approximately 135,061 units have traded daily while year to date, the average daily trading volume was approximately 150,703 units.   The 111,527,530 units represent 10.14% of the 1.1 billion shares outstanding, and represent a market value of $366,925,573.70 using the day’s closing price of $3.29. The stock opened the 2017 calendar year at $3.31 and has declined slightly year to date losing $0.02 or 1.2% to yesterday’s closing price of $3.29.  It has traded within a 52 week range of $2.95 to $4.83.

CPJ recorded total revenues of US$72.33 million for the nine months ended March 2017, a 4% increase compared to the US$69.79 million for the same period last year. The company noted year to date, “the sales for all major food and beverage categories along with our beverage system business units increased over the corresponding period last year.” Cost of goods sold showed a 5% increase closing the period at US$52.17 million relative to $49.492 million for the same period last year. As such, the company recorded gross profits of US$20.16 million for the period relative to US$20.30 million, while net profit for the nine month period amounted to US$1.94 million (2016: US$2.40 million) following tax charges of US$276,517 (2016: Nil).

2017-06-14T23:45:50+00:00