Date: February 20, 2019 The Planning Institute of Jamaica (PIOJ) Quarterly Press Briefing for October-December 2018. Mr. Wayne Henry, Director General for PIOJ, started the press briefing by providing the main highlights of the macroeconomic performance for the October-December 2018 quarter. The following were noted: Overview of Real Industry Developments For October-December 2018, real GDP
Date: February 18, 2019 Seprod Limited (SEP) posted revenue totalling $24.38 billion compared to $16.51 billion recorded for the same period of the prior financial year, representing a 48% increase year over year. The Manufacturing Division recorded a 30% growth to close at $18.92 billion (2017: $14.59 billion), while the Distribution Division increased by 64%
Date: February 15, 2019 138SL’s Revenue increased by 13% to $216.79 million relative to the $191.63 million recorded for the corresponding period last year. Other operating income declined for the period under review, decreasing by 13% to $6.30 million compared to $7.27 million a year earlier. 138 SL noted that, “the uncertainties as regards matters
Date: February 14, 2019 Operating revenue increased by 9% amounting to $237.09 million in the six months period relative to $216.79 million in the prior year. For the quarter, operating revenue closed at $108.02 million (2017: $ 97.41 million). Administrative and other expenses amounted to $101.05 million compared to $97.65 million, a 3% increase. As
Date: February 14, 2019 ISP Finance Services Limited’s (ISP) total interest income amounted to $306.59 million compared to $288.74 million in 2017, an increase of 6%. For the quarter, total interest income amounted to $92.83 million (2017: $78.04 million). Total income is broken down as follows: Interest income from loans grew 7% to total $306.21
Date: February 14, 2019 Honey Bun (1982) Limited (HONBUN), booked a 14% increase in revenue to $369.01 million, up from $322.83 million. The Company’s cost of sales increased by 9% to $194.15 million (2017: $178.87 million) which consequently led to a 21% increase in gross profit to close at $174.87 million (2017: $143.96 million). HONBUN
Date: February 14, 2019 Sygnus Credit Investments Limited reported Interest Income of US$ 1.46 million 196% increase on the US$493,068 recorded in 2017. For the quarter, Interest Income rose 167% to US$856,155 (2017: US$320,736). Management noted, “The performance was driven by higher interest income from a larger portfolio of private credit investments.” The Company also
Date: February 14, 2019 Elite Diagnostic Limited booked a 29% increase in revenue to total $182.24 million compared to $141.67 million for the same period in 2017. Revenue for the 2nd quarter rose by 35% to $96.76 million (2017: 71.85 million). Management noted, “The increase in revenue for the 2nd quarter is due to MRI scans and increase
Date: February 14, 2019 Revenue amounted to $1.58 billion, an increase of 6%, relative to $1.49 billion booked the previous year. For the third quarter, revenues totalled $538.67 million up 3% year over year (2017: $521.09 million). MDS indicated that, “the revenue reflects a positive change in the sales mix with the introduction of additional
Brent Oil Brent oil prices increased by 3.46% or US$2.15, as prices increased this week relative to the prior week. Oil traded on February 14, 2019 at a price of US$64.34 per barrel relative to US$55 on February 14th, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased
