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Corporate Movements February 2019

Caribbean Producers Jamaica Limited (CPJ) has advised that Mr. Frank O’Dowd was appointed a director of the Board in a resolution passed at the Board Meeting held on February 11, 2019., Cable Bahamas Limited (CAB) has advised of the following appointments: 1. Mr. Ross McDonald was appointed as Chairman effective January 25, 2019. 2. Mr. […]

Jamaican Beverage Industry Applying Self-Imposed Cess On Plastic Bottles To Be Paid To Recycle Partners Of Jamaica

The Jamaican Beverage industry, as of February 1 2019, has been applying a self-imposed cess of JA$1.00 per PET or plastic bottle to be paid to Recycle Partners of Jamaica (RPJL). Selling prices have been adjusted to offset this self-imposed cess. This according to a report contained in The Wisynco Group Limited unaudited financial results […]

Wisynco Group Reporting 16% Increase Q2 Revenues and 18% In Gross Profits, As It Takes A Loss Of JA$128 Million Due To Revaluation Of USD Deposits

The Wisynco Group Limited is reporting in unaudited financial results for the second quarter ended December 31, 2018, revenues of JA$7.1 billion. This the company said represented an increase of 16% over the $6.1 billion achieved in the corresponding quarter of the previous year. Gross Profit also increased to $2.8 billion or 18.3% over the […]

Sygnus Credit Investments Reporting Record Net Profit, Total Investment Income And Net Investment Income For Q2 As It Widened Its Regional Private Credit Investment Footprint.

Castries, St Lucia registered Sygnus Credit Investments Limited (SCI) is reporting for the 6 Months Ended December 31, 2018 a quarterly record for net profit, total investment income and net investment income for the second quarter ended December 31, 2018, as it widened its regional private credit investment footprint. The Directors in just released unaudited […]

Stanley Motta Reporting 273% Increase In Revenue For The Year Ended December 31, 2018

Melanie Subratie Chairman of Stanley Motta Limited is reporting revenue for the year ended December 31, 2018 of J$269m compared to J$72m for 2017, an increase of 273%. Revenue for Q4 was approx. J$97m compared to J$76.8m for Q3 2018, a 26% increase over the previous quarter. It also represents an increase of 126% over […]

Barita Investments Reporting 379.7% Improvement In Q1 Net Profit To JA$108M, Even Amidst Significant Impact By Foreign Currency Translation Losses

Barita Investments Limited is report a 379.7% improvement in net profit to JA$108.4 million, even amid a significant impact by foreign currency translation losses totaling $179.5 million for the first quarter of the 2019 financial year. With a stable currency, the profit levels would have been $288 million for the quarter they report. Mark Myers […]

Jamaican Government Looking To Expand Agro-Processing For Local Consumption And Export, AMC Complex On Spanish Town Road Targeted To Become Modern Facility For Processing Fresh Fruits And Vegetables.

Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, says the Government is looking to expand agro-processing for local consumption and export. He noted that four distinct markets are being targeted – CARICOM, the Jamaican Diaspora, hotels, and the school feeding programme. He said that the AMC complex on Spanish Town Road is being targeted […]

Republic Financial Holdings Increased Profitability Driven By Overseas Subsidiaries Mainly In Guyana.

Trinidad and Tobago based Republic Financial Holdings Limited is reporting profit attributable to shareholders of TT$350.5 million for the quarter ending December 31, 2018, an increase of $10.5 million or 3.1% over the corresponding period of the previous financial year. Republic Financial Holdings reported total assets standing at TT$72.5 billion, an increase of 3.6% over […]

Lissant Mitchell Also Leaving Scotia Investments Jamaica

Scotia Group Jamaica Limited has advised of the resignation of Mr. Lissant Mitchell, CEO, Scotia Investments Jamaica Limited and Director of the Board. Mr. Mitchell who has over 20 years’ experience in the local financial industry, joined Scotia Investments in October 2007 as SVP Treasury & Capital Markets. He was later promoted to Chief Operating […]

iCreate Limited Expected To Apply For Listing On The Junior Market Of The Jamaica Stock Exchange.

Sagicor Investments Jamaica Limited has advised that the iCreate Limited IPO was oversubscribed and the subscription list closed on February 1, 2019, at 1:00 p.m. The offer opened on Thursday, January 31 and was scheduled to close February 14, with 74,062,500 ordinary shares offered to the public at $1.01 each. The company, which had sought […]