Overseas Headlines – August 15, 2022

August 15, 2022   United States: Dollar Gains, Futures Slip as China Clouds Outlook: Markets Wrap U.S. equity-index futures slipped, the dollar gained and commodities from oil to iron ore tumbled as disappointing data from China further clouded the outlook for the global economy. Contracts on both the S&P 500 and Nasdaq 100 were lower,

Overseas Headlines – August 15, 20222022-08-15T08:46:34-05:00

JMMBGL reports 12% increase in first quarter net profit attributable to the shareholders

August 12, 2022   JMMB Group Limited (JMMBGL) Unaudited Financials for the three months ended June 30, 2022: JMMB Group Limited – (JMMBGL) for the three months ended June 30, 2022 booked Net interest income of $2.91 billion compared to $2.86 billion booked June 2021, an increase of 2%. Of this, Interest income grew by

JMMBGL reports 12% increase in first quarter net profit attributable to the shareholders2022-08-12T20:13:56-05:00

MAILPAC reports 31% decline in six months net profit

August 12, 2022 Mailpac Group Limited (MAILPAC)’s revenues amounted to $806.76 million for the six months ended June 30, 2022, reflecting a 10% year over year decrease from $896.06 million booked in 2021. While, for the quarter, revenues closed at $408.29 million (2021: $426.05 million). According to management, “In Q2 2022, Mailpac performed significantly better than

MAILPAC reports 31% decline in six months net profit2022-08-12T19:26:41-05:00

SALF reports nine months net profit of $111.21 million attributable to shareholders

August 12, 2022 Salada Foods Jamaica Limited (SALF), for the nine months ended June 30, 2022 recorded an 8% increase in turnover to close at $963.62 million (2021: $890.03 million). As for the third quarter, revenue amounted to $328.35 million (2021: $310.74 million), a 6% growth year over year. SALF noted, “This was buoyed by

SALF reports nine months net profit of $111.21 million attributable to shareholders2022-08-12T18:48:53-05:00

FESCO reports 280% increase in first quarter net profit

August 12, 2022 Future Energy Source Company Limited (FESCO) recorded a 238% increase in revenue to $6.46 billion from $1.91 billion reported for the corresponding period in 2021. The Company noted, " Several factors affect revenue/turnover with the supply price of fuel being a major component. On average, this quarters refinery prices have increased 41.67% -

FESCO reports 280% increase in first quarter net profit2022-08-12T17:40:09-05:00

HONBUN reports 22% decline in nine months net profit

August 12, 2022 For the nine months ended June 30, 2022, Honey Bun (1982) Limited reported revenues of $2.16 billion, 39% up from $1.56 billion reported a year ago. For the quarter, revenues also increased by 39% to $789.40 million (2021: $566.36 million). HONBUN noted, “Investments made in our distribution channels continue to yield significant

HONBUN reports 22% decline in nine months net profit2022-08-12T17:36:58-05:00

DTL reports six months net profit of $270.41 million attributable to shareholders

August 12, 2022 Derrimon Trading Limited (DTL), for six months ended June 30, 2022, reported trading income of $8.86 billion compared to the $8.05 billion booked for the prior year’s comparable period. DTL indicated, “The improved performance reported is a result of our growth strategy being achieved through our companies and business segments. The period

DTL reports six months net profit of $270.41 million attributable to shareholders2022-08-12T17:34:47-05:00

MPCCEL reports six months net loss of US$120,828

August 12, 2022 (Expressed in United States dollars) MPC Caribbean Clean Energy Limited (MPCCEL), for the six months ended June 30, 2022, reported a 32% decrease in total expenses in the amount of $82,394 (2021: $120,828), of which accountancy fees remained at $4,600 year over year while administrative fees decreased by 22% to 25,239 (2021:

MPCCEL reports six months net loss of US$120,8282022-08-12T17:02:20-05:00

WIG reports 83% increase in first quarter net profit

August 12, 2022 Wigton Windfarm Limited (WIG) Unaudited results for the first quarter ended June 30, 2022:- Wigton Windfarm Limited, for the quarter ended June 30, 2022, reported sales of $794.21 million, a 25% increase on the $636.63 million reported in the prior year. Cost of sales went down by 3% to close the year end at

WIG reports 83% increase in first quarter net profit2022-08-12T16:42:25-05:00

Dividend Declaration: Stationery & Office Supplies Limited (SOS)

August 12, 2022   Stationery & Office Supplies Limited (SOS) has declared a dividend of eighteen cents ($0.18) per ordinary stock unit payable on September 14, 2022 to shareholders on record as of August 31, 2022. The ex-dividend date is August 30, 2022.   Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal

Dividend Declaration: Stationery & Office Supplies Limited (SOS)2022-08-12T15:48:42-05:00