Sagicor Real Estate X Fund Limited (XFUND) For the First Quarter ended June 30, 2017 Total Revenue for the six months grew 4% to $5.95 billion (2016: $5.70 billion). According to the company the increase in revenue for the period was due to “Improved hotel revenue, as tourist arrivals and room rates have improve over
Total revenue grew by 3% amounting to $4.09 billion, up from $3.98 billion reported a year ago. According to the company, “this was netted with the drawdown of clinker and cement valuing $480 million when compared to the same quarter in 2016. Repairs and maintenance was $36 million as a result of routine maintenance of
Sterling Investment Limited (SIL) reported a 26% decline in Total Revenue to $62.10 million compared to $83.61 million in 2016, while for the second quarter total revenue was down 46% to total $29.65 million relative to $54.87 for the previous quarter. Interest Income closed the period at $37.92 million, up from $37.38 million for
Asia: China willing to sacrifice growth to manage systemic risks: senior official A senior Chinese economic official on Thursday indicated that policymakers would be willing to sacrifice some short-term economic growth in order to deal with systemic risks. Beijing is trying to contain rising debt and defuse property bubbles amid fears such risks could derail
Sterling Investments Limited (SIL) has declared an interim dividend of US$0.002459 per share payable on September 8, 2017 to shareholders on record as at August 15, 2017. The ex-dividend date is August 11, 2017.
Knutsford Express Services Limited (KEX) has declared an interim dividend of $0.068 per share payable on September 15, 2017 to shareholders on record as at September 1, 2017. The ex-dividend date is August 30, 2017.
Europe: Euro zone yields near one-week highs ahead of Fed meeting Euro zone government bond yields edged lower but were near one-week highs on Wednesday ahead of the U.S. Federal Reserve meeting, with rate setters expected to hint towards tighter monetary policy in the future. The Fed is expected to keep interest rates unchanged but
Jamaican Teas Limited (JAMT) has advised that its associated company, KIW International Limited has entered into an agreement to sell its entire property at 138 Spanish Town Road. The sale is expected to be completed within the next two months.
Proven Investments Limited JMD (PROVEN) has advised that its Renounceable Rights Issue Offer of US$16,547,873.28 or an additional 68,949,472 ordinary shares to its Shareholders has been closed.
Berger Paints Jamaica Limited (BRG) has advised that Ansa Coatings International Limited (ACIL) indirect offer to purchase 51% of Berger Paints Jamaica Limited was completed yesterday, July 24, 2017. That is, Lewis Berger Overseas Holding (LBOH) who owns 51% of the issued share capital in Berger Paints Jamaica Limited is now 100% owned by ACIL.
