Overseas Headlines – November 15, 2024

November 15, 2024 United States: Fed’s Powell Says No Need to Hurry Rate Cuts With Economy Strong   Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.   “The economy is not sending any signals that we

Overseas Headlines – November 15, 20242024-11-15T08:59:35-05:00

CAR reports 22% increase in nine months net profit

November 15, 2024  Carreras Ltd (CAR) Unaudited financials for the nine months ended September 30, 2024: Carreras Ltd (CAR) for the nine months ended September 30, 2024 reported a 5% increase in Operating Revenue totaling $12.72 billion compared to $12.08 billion in the corresponding period last year. Operating Revenue for the third quarter had a

CAR reports 22% increase in nine months net profit2024-11-15T08:57:31-05:00

CHL reports 19% decline in year-end net profit

November 15, 2024   Cargo Handlers Limited (CHL) Unaudited financials for the year end ended September 30, 2024: Cargo Handlers Limited (CHL) for the year end ended September 30, 2024, reported a 8% decrease in Revenue totaling $473.48 million compared to $514.78 million in the corresponding period last year. Revenue for the fourth quarter had

CHL reports 19% decline in year-end net profit2024-11-15T08:52:29-05:00

Proven reports 65% decline in six months net profit attr. to shareholders

November 14, 2024 Expressed In United States dollars (except where it is indicated otherwise) Proven Group Limited (PROVEN) for the six months ended September 30, 2024, reported a 4% increase in Interest Income totaling US$19.96 million compared to US$19.20 million in the corresponding period last year. Interest Income for the second quarter had a 4%

Proven reports 65% decline in six months net profit attr. to shareholders2024-11-14T18:20:09-05:00

FESCO reports 1% increase in six months net profit

November 14, 2024 Future Energy Source Company Limited (FESCO) Unaudited financials for the six months ended September 30, 2024: Future Energy Source Company Limited (FESCO) for the six months ended September 30, 2024 reported a 14% increase in Revenue totaling $15.71 billion compared to $13.77 billion in the corresponding period last year. Revenue for the

FESCO reports 1% increase in six months net profit2024-11-14T17:45:30-05:00

RJR reports six months net loss of $270.60 million

November 14, 2024 RADIO JAMAICA LIMITED (RJR) Unaudited financials for the six months ended September 30, 2024: Radio Jamaica Limited (RJR) for the six months ended September 30, 2024, reported a 1% decrease in Revenue totaling $2.69 billion compared to $2.73 billion in the corresponding period last year. Revenue for the second quarter had a

RJR reports six months net loss of $270.60 million2024-11-14T17:39:35-05:00

JETCON reports nine months net loss of 17.06 million

November 14, 2024   Jetcon Corporation Limited(JETCON) Unaudited financials for the nine months ended September 30, 2024: Jetcon Corporation Limited (JETCON) for the nine months ended September 30, 2024 reported a 25% decline in turnover to  $380.73 million compared to $508.00 million in the corresponding period last year. Turnover for the third quarter had a

JETCON reports nine months net loss of 17.06 million2024-11-14T17:18:11-05:00

Special Advisory: Berger Paints Jamaica Limited (BRG)

November 14, 2024   Berger Paints Jamaica Limited (BRG) has advised that at a Board meeting held on November 13, 2024, the following appointments were made: Christian Llanos was appointed to the position of Chairman of the Board. Nicholas Camacho was appointed to the Board as a Director and to the Audit Committee of the

Special Advisory: Berger Paints Jamaica Limited (BRG)2024-11-14T16:54:46-05:00

Special Advisory: Productive Business Solutions Limited (PBS)

November 14, 2024   Productive Business Solutions Limited (PBS) advised of the resignation of Mr. Andres Ibanes as Chief Financial Officer of the Company effective November 1, 2024. PBS has further advised that Mr. Jose Misrahi, current Director of PBS and Chief Financial Officer of Facey Group Limited, has been appointed interim Chief Financial Officer

Special Advisory: Productive Business Solutions Limited (PBS)2024-11-14T16:54:20-05:00

Special Advisory: Sagicor Group Jamaica Limited (SJ)

November 14, 2024   Sagicor Group Jamaica Limited (SJ) has advised that Mark Thompson, CEO of Advantage General Insurance Company (AGIC), has resigned effective October 31, 2024. Mr. Thompson has also stepped down from all Sagicor affiliated boards. SJ has further advised that in the interim, AGIC’s Deputy CEO, Dave Morrison will assume the role

Special Advisory: Sagicor Group Jamaica Limited (SJ)2024-11-14T16:53:30-05:00