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16 05, 2018

XFUND records a 9% drop in first quarter net profit

2018-05-16T18:28:20-05:00

            May 16, 2018 Total Revenue for the quarter ended March 31, 2018 grew 7% to $3.39 billion (2017: $3.16 billion). Hotel revenue for the quarter  increased to $3.29 billion relative to $2.90 billion in 2017. Interest Income decreased 15% to close at $6.97 million (2017: $8.23 million), while net

16 05, 2018

ISP reports a 11% increase in first quarter net profits

2018-05-16T18:17:07-05:00

Date: May 16, 2018 ISP Finance Services Limited’s (ISP), for the three months ended March 31, 2018 reported Total Interest Income amounting $70.46 million compared to $65.53 million in 2017, an increase of 8%. Total income is broken down as follows: Interest Income from Loans grew by 9% to total $70.38 million relative to $64.28 million

16 05, 2018

DTL reports 29% increase in net profit for 1Q, 2018

2018-05-16T20:34:36-05:00

May 16, 2018 Derrimon Trading Limited (DTL) grew its Trading Income by 27%, to end the quarter at $1.94 billion compared to the $1.53 billion for the first quarter of 2018. Cost of Sales increased by 27%% to $1.59billion for the period (2017: $1.25 billion). As a result, Gross Profit amounted to $353.48 million relative

16 05, 2018

GENAC reports 67% increase in first quarter net profits

2018-05-16T17:28:20-05:00

Date: May 16, 2018 General Accident Insurance Company Limited (GENAC), for the three months ended March 31, 2018 reported Net Premium Written of $430.59 million for the first quarter of the 2018 financial year, a 25% increase from the $344.45 million reported in 2017. This increase was driven by 12% increase in Gross Premium Written

16 05, 2018

SEP netted 27.58% increase in first quarter profit

2018-05-16T16:49:28-05:00

May 16, 2018 Revenue totalled $4.95 billion compared to the $4.25 billion recorded for the same period of the prior financial year; this represents a 16.47% increase year over year. Cost of Sales increased by 8.81% from $3.19 billion to $3.47 billion resulting in Gross Profits increasing by 39.57% to close at $1.48billion (2017: $1.06

16 05, 2018

CFF increased net profit by 6% for nine month ended March 2018

2018-05-16T16:37:54-05:00

May 16, 2018 For the nine months ended March 31, 2018, Caribbean Flavours & Fragrances Limited’s (CFF) revenue increased by 1% to $302.98 million relative to $300.67 million for the comparable period in 2017. For the quarter, the Company generated gross revenue of $88.72 million, a marginal increase year over year. Cost of sales also increased

16 05, 2018

Overseas Headlines – May 16, 2018

2018-05-16T13:12:14-05:00

May 16, 2018  United States: U.S. Economic Rebound More Tangible After Retail Data, Fed Gauge Forecasts for a second-quarter rebound in the U.S. economy became more of a reality on Tuesday. Consumers shrugged off rising gasoline prices last month, as U.S. retail sales rose in broad fashion amid a boost to paychecks from tax cuts,

15 05, 2018

KPREIT diversifies geographically

2018-06-05T22:04:38-05:00

May 15, 2018 This year’s Kingston Property Limited (KPREIT) Annual General Meet (AGM) was held today under the theme, “ Ten years of increasing shareholders value”; and that  is exactly what Chairman, Garfield Sinclair, believed the firm has achieved. As noted by CEO, Kevin Richards, “ back in 2008 our portfolio  was valued at J$314

15 05, 2018

Daily Market Summary May 15, 2018

2018-05-15T21:43:29-05:00

Daily Market Summary 15.05.18 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 is strictly prohibited and may be unlawful. Mayberry may

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