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Key Insurance 22% Reduction In Gross Premium Income Consistent With Underwriting Strategy To Achieve Targeted Risk Profile Businesses – Gobin-Gunter

Chairman of Key Insurance Company Limited, Natalia Gobin-Gunter is reporting for the second quarter, ended June 30, 2019 gross premium income reducing by 22% over last year’s second quarter results. Premium income recorded during the three months stood at JA$434 million in contrast with JA$559 million for 2018, which she said was consistent with their […]

Wigton Windfarm Limited Reporting Sales Of $832.82 Million, A 6% Increase On The $782.89 Million Reported In 2018.

Recently listed Wigton Windfarm Limited (WIG), is reporting for the three months ended June 30, 2019, sales of $832.82 million, a 6% increase on the $782.89 million reported in the prior year. WIG noted that, “the increase in revenue was positively influenced by the 2.9% increase in production and a 9.4% increase in the availability […]

LASCO Financial Services Generating 18% More Revenues In 2019 Over 2018

LASCO Financial Services Limited’s (LFSL) 2019 first quarter transactions generated $99.9M or 18% more revenues than the corresponding period in 2018 to close the period with total revenue of $654.4M. Commenting on the results Managing Director Jacinth Hall-Tracey, indicated to shareholders that this increase was driven by growth in transactions mainly from the loans business […]

Inter-American Development Bank Believes Jamaica’s Proposed Transformation To A Fully Digital Economy Will Enhance Public Service Delivery

Inter-American Development Bank (IDB) Caribbean Country Manager, Therese Turner-Jones, believes Jamaica’s proposed transformation to a fully digital economy will enhance public service delivery and, by extension, the lives of persons accessing attendant provisions. Among the potential benefits to be derived, she says, are the streamlining of benefits, so that they get to where they ought […]

Jetcon Corporation Continues To Struggle With Revenues Falling 26% And Profits By 35 % For Q2

Jetcon Corporation continues to reverse three years of solid growth as the company reports that their second quarter was another challenging one, with revenues falling 26 percent and profits by 35 percent; for the half year, revenues fell by 22 percent and profit by 34 percent. The first half reverses three years of solid growth […]

General Accident Insurance Company Reporting A 41% Increase In Booked Gross Written Premium to JA$6.56 Billion

General Accident Insurance Company Jamaica Limited (“General Accident”) is reporting for the six months ended 30th June 2019 profit before tax of $163.56 million compared to prior year of $114.53 million. Managing Director Sharon Donaldson commenting on the results indicated that for the period, General Accident’s underwriting performance improved over 2018, as they booked gross […]

Sterling Investments Reporting Net Profit For The Six Months Ended June 2019 Growing By 10.4% Year On Year

Sterling Investments Limited headed by President & CEO Charles Ross, has released their unaudited results for Q2 2019, reporting net profit for the six months ended June 2019 growing by 10.4% year on year, the result of increases in interest income and unrealized gains in the portfolio. The intrinsic value of the company’s assets continues […]

10 Companies To Be Selected For The Jamaica GSS Project

BPIAJ President, Gloria Henry, has announced that 10 companies will be selected for the Jamaica GSS Project To Assist Local Firms To Digitise Operations And Embrace Growing Trends In The Sector, and they will receive critical support over a period of 18 months. A consultant will be engaged to develop the criteria to identify the […]

Everything Fresh Reporting Mixed Results As It Pursues Consolidation And Integration Of Meat Experts Acquisition.

Everything Fresh Limited (EFL) is reporting mixed results for their second quarter, this as the company pursues the consolidation and integration of the acquisition of Meat Experts into the business. In February of this year Everything Fresh, which is a food importer and distributor announced that it had acquired 100 per cent of St Catherine-based […]

Jamaica GSS Project To Assist Local Firms To Digitise Operations And Embrace Growing Trends In The Sector.

A US$480,000 project aimed at strengthening the local outsourcing industry by enabling small operations to move up the value chain is being endorsed by the Government. Minister without Portfolio in the Ministry of Economic Growth and Job Creation, the Hon. Pearnel Charles Jr., said that the Jamaica Global Services Sector (GSS) – Moving Firms up […]