July 31, 2019 Based on information collected since the Federal Open Market Committee (FOMC) met in June 2019, the findings alluded to a strong labour market with a moderate rise in economic activity. Solid job gains were reported in recent months while the unemployment rate remained subdued. However the growth of business fixed investment
Date: July 31, 2019 United States: Fed Looks Locked In for Quarter-Point Cut: Decision Day Guide “The Federal Reserve is widely expected to lower interest rates by a quarter-point at its meeting that concludes Wednesday and leave the option open for additional moves despite demands by President Donald Trump for a “large” rate cut.
July 30, 2019 Express Catering Limited (ECL) for the year ended May 31, 2019 reported a 10% increase in revenue to US$17.32 million (2018: US$15.71 million). Revenue for the quarter advanced 17% to close at US$5.21 million relative to US$4.44 million reported the previous year. Cost of sales (COS) increased by 10% for the period
Date: July 30, 2019 Paramount Trading (Jamaica) Limited recorded a 14% increase in total revenues to $1.60 billion from $1.40 billion reported in 2018. This resulted mainly from a $151.94 million increase in the manufacturing segment which closed at $193.74 million. The chemicals segment, which accounted for 57% of revenue, recorded a 7% increase to
Date: July 30, 2019. In United States dollars (except where it is indicated otherwise): Margaritaville Turks Limited (MTL), for the twelve months ended May 2019, reported revenues of $7.59 million versus $6.02 million in the prior corresponding period. Cost of sales increased by 21% for the period to $2.32 million (2018: $1.91 million), while for
Date: July 30, 2019 Sagicor Group Jamaica Limited (SJ) for the six months ended June 30, 2019, Total Revenues increased by 33% to $42.59 billion from $32.02 billion in 2018, while for the second quarter Total Revenues improved 39% to total $22.47 billion compared to $16.20 billion in 2017. Total revenue year to date was
Date: July 30, 2019 Victoria Mutual Investments Limited (VMIL) has advised that at a meeting of the Board of Directors held on July 29, 2019, a recommendation was made for no dividend payments to be made at this time. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however
Date: July 30, 2019 Wisynco Group Limited (WISYNCO) has advised that at a meeting of the Board of Directors held on July 29, 2019, a resolution was passed approving a dividend payment of JMD $0.10 per share, payable on Tuesday, August 27, 2019, to shareholders on record as at Tuesday, August 13, 2019. The ex-dividend
Date: July 30, 2019 In June, personal income rose $83.6 billion (0.4%) according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $69.7 billion (0.4%) and personal consumption expenditures (PCE) grew $41.0 billion (0.3%). Real DPI rose 0.3% in June and Real PCE climbed 0.2%. The PCE price index
Date: July 30, 2019 Caribbean Cement Company Limited (CCC) for the six months ended June 30, 2019, reported total revenue of $9.13 billion, 4% increase from $8.77 billion reported a year ago. Earnings before interest, tax, depreciation & amortization (EBITDA) amounted to $3.69 billion, an increase of 60% relative to $2.30 billion for the prior