April – June 2017 For the review period of April to June 2017 the Bank of Jamaica (BOJ) indicated that the Bank will move forward with its accommodative monetary policy stance. This policy according to Governor Brian Wynter, reflects the run of very low inflation over the last fiscal year. The Bank further predicts that
Jamaica Producers Group Limited (JP) For the six months ended June 30, 2017: For six months ended June 30, 2017, Jamaica Producers Group Limited (JP) experienced a 62% increase in revenue to total $7.40 billion compared to the $4.57 billion reported in 2016. The company posted second quarter revenue of $4 billion a 66% increase
Please click below to view today’s Daily Market Summary. Daily Market Summary 16.08.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information
General Accident Insurance Company Limited (GENAC) For the six months ended June 30, 2017: GENAC reported net premium written of $673.34 million, 15% more than the $585.29 million reported for 2016. This was as a result of a 4% increase in gross premium written to $4.55 billion (2016: $4.37 billion), while reinsurance ceded increased by 3%
Net International Reserves Jamaica’s Net International Reserves totaled US$2,736.35 million as at July 2017, reflecting an increase of US$119.54 million relative to the US$2,616.81 million reported as at the end of June 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$126.23 million to total US$3,311.88 million. Securities contributed
ISP Finance Services Limited (ISP) Results for the Six Months ended June 30, 2017: Total Interest Income for the period increased by 30% to $135.79 million compared to $104.40 million for the same period last year. For the quarter the company reported total interest income of $70.26 million relative to (2016: $51.98 million). Interest expenses
Interest Income for the period increased to $124.23 million from $92.43 million the previous year, a 34% increase. While for the second quarter interest income amounted to $61.69 million relative to $48.46 million in 2016. Interest Expenses amounted to $73.89 million, up 30% from $56.74 million for the corresponding period in 2016. Consequently, net interest
Please click below to view today’s Daily Market Summary. Daily Market Summary 14.08.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information
Supreme Ventures Limited (SVL) reported a 23.5% in revenues from $27.37 billion for the 2017 period, up from $22.15 billion in 2016. While for the second quarter revenues totaled $13.98 million relative to $10.96 million in 2016. Revenues from the company’s segments were as follows: Lottery - $20.22 billion (2016:$17.41 billion), a 16.1% increase. According
Radio Jamaica Limited (RJR) For the three months ended June 30, 2017 Revenue for the first quarter of 2017 declined by 6.84% from $1.31 billion in 2016 to $1.22 billion. Direct expenses increased by 1.37% to $635.52 million in 2017 (2016:$626.92 million). The company stated that this was due to “increased fees associated with expanding
