Home Managing Editor

Managing Editor

Elite Diagnostic Lamenting Effects Of Growing Pains On Company’s Financial Performance

The Directors of Elite Diagnostic Limited are lamenting the effects of growing pains on the company’s financial performance, in their most recent unaudited financial statements for the third quarter and nine months to March 31st 2018. This as net profit after tax for the third quarter amounted to JA$6.7 million, declining by 64% from JA$18.9 […]

NCB Says Information Published Relating To The Price And Timing Of A New Offer By NCB To GHL Shareholders Is Inaccurate

The NCB Financial Group Limited (NCB) has issued a formal response to an article published in the May 20, 2018 edition of the Sunday Express Newspaper in Trinidad & Tobago. In its response published on the website of the Trinidad and Tobago Stock Exchange, NCB indicated that it was aware of the article, which suggested […]

Anheuser-Busch Releases Budweiser Freedom Reserve Red Lager

NEW YORK — Budweiser unveiled the newest addition to its Reserve Collection – Budweiser Freedom Reserve Red Lager. The new beer was specially brewed by Budweiser’s own veterans and builds on Budweiser’s long-standing support of American veterans with a portion of proceeds sold this summer benefiting Folds of Honor — a nonprofit organization providing educational […]

Jamaica To Tackle Issue Of Food Imports In Tourism Industry Head-On

Jamaica’s Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, says the Ministry intends to tackle the issue of food imports in the tourism industry head-on. The majority of the island’s total food imports, about 60 per cent, are directed to the hotel, restaurant and institutional (HRI) sector. Mr. Shaw said it should not be […]

Production Capacity Constraints, Impacting Sales And Profitability At Honey Bun, Addressed With Factory Expansion

Honey Bun Limited is reporting in its Unaudited Financial Statements for the six months ended 31st March, 2018 lower profit before tax of $39.8 million which was 11 percent lower than 2017. CEO Michelle Chong, is reporting that the company’s production capacity constraint has been impacting sales and profitability, but has now been addressed with […]

Jamaica’s Economic Independence Will Require “Long-Term Thinking”

Economic independence is not the freedom to do whatever we want; It is about implementing the right economic policies for Jamaica without prompting from anyone. Economic independence is not an absence of interdependence. Jamaica is a small, open economy where trade in goods and services as a percentage of GDP is very high, at over […]

General Accident Insurance Posts Lower Q1 Underwriting Loss Of JA$7.3M

Sharon Donaldson Managing Director for General Accident Insurance Company (Jamaica) Limited is reporting that underwriting performance improved over the prior year, with premium income growing by 12% to JA$2.21 billion in 2018. Reporting to Stockholders for the quarter ended 31 March 2018, she indicated that the Company’s net earned premiums also grew by $60.6 million […]

Sagicor Group Records Another Solid Q1 Performance, Net Income Closing Up At US$38.9M

The Sagicor Group recorded another solid performance for the first three months to March 31, 2018, this as the Group’s net income closed the period at US $38.9 million against a prior year result of US $27.0 million. Net income attributable to shareholders was US$19.9 million compared to the prior year result of US $16.7 […]

Fosrich Company Reporting Lower Q1 Income Of JA$271.8M Compared To $294.5M For The Prior 2017 Reporting Period.

The Directors of FosRich Company Limited have released the company’s unaudited results for the three months ending 31 March 2018, reporting lower income of JA$271.8 million compared to $294.5 million for the prior 2017 reporting period. Other income however benefitted from favourable foreign exchange gains amounting to $7.8 million. Gross profit for the year-to-date was […]

The 2018 Range Rover Velar

The Range Rover name is a special thing for Land Rover, such that there hasn’t been a new variant since the subcompact Evoque was introduced in 2012. So there’s some significance to the arrival of the 2018 Land Rover Range Rover Velar. It’s a relatively affordable Land Rover SUV — at least compared to the […]