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Massy Holdings Reporting 18% Decline In PAT Arising From Loss On Disposal Of Massy Communications Plus Year To Date Operational Losses

Robert Bermudez, chairman of Trinidad and Tobago based Massy Holdings, is reporting to shareholders that for the nine months ending June 30, 2017, the company declared after-tax profits of TT$318 million, an 18 per cent decline compared with the same period in 2016. The conglomerate’s results include a TT$72.3 million loss from discontinued operations, comprising […]

Sagicor Financial Corporation Reporting Improved EPS Of US 6.3 Cents Up From US 5.2 Cents Recorded In 2016 – McNamara

Stephen McNamara Chairman of The Sagicor Group is reporting improved earnings per common share (EPS) of US 6.3 cents up from the US 5.2 cents recorded in 2016. This as the Group maintained its solid performance from the first quarter into the second Quarter, recording net income of US$41.1 million for the six months ended […]

Continued Improvement Of Stock Market And Corporate Profits Tangible Evidence Of Positive Shifts In Economic Landscape Of Jamaica – Facey

Stephen B. Facey, Chairman & Chief Executive Officer of PanJam Investment Limited is pointing to the continued improvement of the local stock market and corporate profits, which have generally shown consistent real improvement in recent years, as tangible evidence of the positive shift in the economic landscape of Jamaica. Commenting further he pointed to his […]

Share of Earnings from Sagicor Lifts PanJam Investment’s Half Year Results

PanJam Investment’s recorded net profit for the six-month period ended June 30, 2017 11% higher than the comparable period last year, largely resulting from stronger share of results of associated and joint venture companies, led by Sagicor, and improved property results. Share of earnings from Sagicor for the period increased by $425 million or 32% […]

PanJam Investment’s Records Improved EPS Of JA$0.88 For The Quarter And JA$1.67 For The Six Months – Facey

Stephen B. Facey, Chairman & Chief Executive Officer of PanJam Investment Limited is pointing to the continued improvement of the local stock market and corporate profits, which have generally shown consistent real improvement in recent years, as tangible evidence of the positive shift in the economic landscape of Jamaica. Commenting further he pointed to his […]

IronRock Looks To New Technological Solutions To Reverse 2017 Underwriting Loss Of JA$60.6 Million- Thwaites

R. Evan Thwaites Managing Director of IronRock Insurance Company is expecting that their continued investment in and implementation of new technological solutions that simplify the processes associated with writing insurance and particularly, personal lines business, will reverse a 2017 underwriting loss of JA$60.6 million versus JA$39.5 million in 2016. The company’s net result for the […]

KLE Group Continues To Enjoy Improved Profits, Marks Sixth Consecutive Quarter Of Profits- Matalon

According to KLE Group CEO Gary Matalon the company continues to enjoy improved profits as he marked the company’s sixth consecutive quarter of profits. The current growth path and trajectory he said, is largely the result of extensive restructuring efforts and the dedicated and strategic drive to market from Usain Bolt’s Tracks & Records, as […]

KLE In Drive To Market Usain Bolt’s Tracks & Records As Premier Destination For An Authentic Experience

K.L.E. Group Limited (KLE) has advised that T&R Restaurants Limited (trading as FranJam), which is an affiliate company of KLE Group Limited, has signed its first overseas franchise agreement. The deal was struck with a UK company to operate fifteen (15) Tracks & Records Jamaican themed restaurants in the United Kingdom. The development of each […]

Difficult Market Conditions Impacting IronRock’s Performance

R. Evan Thwaites Managing Director of IronRock Insurance Company is expecting that their continued investment in and implementation of new technological solutions that simplify the processes associated with writing insurance will reverse a 2017 underwriting loss of JA$60.6 million versus JA$39.5 million in 2016. The company’s net result for the period was an increased loss […]

JMMB Merchant Bank Limited is Now JMMB Bank (Jamaica) Limited

The JMMB Group’s entry into the commercial banking foray was made official, with the formal transition from JMMB Merchant Bank to the rebranded entity, JMMB Bank, today (August 14). This represents a major milestone for the JMMB Group, and follows the approval by the Bank of Jamaica (BOJ) in September 2016, of JMMB Merchant Bank’s […]
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