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Corportate Movements – December 2018

KLE Group Limited (KLE) has advised that Mr. Barrington Daley has tendered his resignation as a member of KLE’s Audit Committee, effective December 4, 2018. KLE further advised that Mr. Daley resigned due to additional responsibilities as at December 10, which will affect his ability to serve. Supreme Ventures Limited (SVL) has advised that the […]

Meet 7-Year-Old Ryan The Highest-Paid Youtube Star Earning $22 Million In 12 Months

The highest-paid YouTube star is reportedly a 7-year-old. The totally artless concept behind Ryan ToysReview is that wee Ryan rips open packages of toys and plays with them while the camera rolls; Forbes estimates that Ryan, a first-grader, earned $22 million in the 12 months leading up to June 1, mostly from pre-roll ads, making […]

Supreme Ventures Sets Up Operations In Guyana

Jamaican gaming and entertainment company, Supreme Ventures Limited (SVL) has begun a phased operations roll out in Guyana. This is the first time that the company has ventured outside of its home country. The business will be operated through Supreme Ventures Guyana Holdings Inc (SVGH) and Supreme Ventures Enterprise Inc.(SVE) Supreme Ventures Group CEO Ann […]

Caribbean Cement Company Secures JA$3B Revolving Loan Facility From National Commercial Bank Jamaica

Caribbean Cement Company Ltd. (CCC) and one of its subsidiaries, Jamaica Gypsum and Quarries Limited have entered into a revolving loan facility with National Commercial Bank Jamaica Limited as lender for a principal amount of $3 Billion Jamaican Dollars, which will be made available in United States Dollars. The proceeds from the Loan Facility received […]

Salada Foods Jamaica Reporting A 219.82% Increase In Net Profits, Buoyed By Strong Sales Performance

The Directors of Salada Foods Jamaica Limited are reporting in just released audited financial results of the Group for the financial year ended September 30, 2018, Net profits of $219.18M, representing a 219.82% increase against prior year’s results of $68.7M. Commenting on the results Chairman Patrick Williams reported that profits were buoyed by strong sales […]

Scotiabank Sells Caribbean Businesses To Trinidad And Tobago-Based Republic Financial Holdings Ltd For US$123 million.

The Bank of Nova Scotia announced on Tuesday that it has struck a deal to sell its banking businesses in nine of the smaller countries in the Caribbean, including Antigua and Dominica. This as the lender continues to narrow down the number of international markets in which it operates. Scotiabank according to the release plans […]

Sagicor Financial Corporation To Be Acquired By Alignvest Acquisition II Corporation And Be Publicly-Listed On The Toronto Stock Exchange.

Sagicor Group Jamaica Limited has advised that its parent company, Sagicor Financial Corporation Limited, which has a 49.11% interest in Sagicor Group Jamaica, intends to enter into two significant transactions. The first transaction will see the acquisition of all the shares in Scotia Jamaica Life Insurance Company Limited. This as Scotiabank Jamaica has agreed to […]

Businessuite 2018 Top 10 Jamaica Main Market Companies By US$ Profit After Tax

NR NR NR LC$000 US$000 2018 2017 2016 Company 2017/18 2017/18 1 1 1 JA National Commercial Bank Jamaica Ltd. $19,107,818 $152,863 2 2 2 JA Scotia Group Jamaica Ltd. $12,407,290 $99,258 3 3 3 JA Sagicor Group Jamaica Limited $12,069,823 $96,559 4 4 4 JA GraceKennedy Limited $4,772,100 $38,177 5 5 5 JA PanJam […]

Businessuite 2018 Top 10 Jamaica Main Market Companies By US$ Revenue

NR NR NR LC$000 US$000 2018 2017 2016 Company 2017/18 2017/18 1 1 1 JA GraceKennedy Limited 92,475,652 739,805 2 2 3 JA Sagicor Group Jamaica Limited 70,443,809 563,550 3 3 2 JA National Commercial Bank Jamaica Ltd. 59,474,588 475,797 4 4 5 JA Supreme Ventures Limited 56,186,633 449,493 5 5 6 JA Jamaica Broilers […]

Businessuite 2018 Top 10 Jamaica Junior Market Companies By US$ Revenue

NR NR NR LC$000 US$000 2018 2017 2016 Company 2017/2018 2017/18 1 1 1 JA Lasco Distributors Limited $16,269,083 $130,153 2 2 2 JA Caribbean Producers Jamaica Ltd. $107,795 3 5 4 JA General Accident Insurance Co Ja $7,106,254 $56,850 4 4 3 JA Derrimon Trading Company Limited $6,723,810 $53,790 5 3 5 JA Lasco […]