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Taking Stock for Monday November 4th 2019 – MPC Stock Doubles Before Rights Issue, Mailpac To List & More!!

MPC Caribbean Clean Energy stock price finally takes off after a year of remaining flat. The company is now seeking US$23 million through a rights issue to invest in more renewable energy projects. MPC Caribbean’s Managing Director, David Delaire, joins us.

Wisynco Group Reporting Strong Growth In Core Beverage Brands As Gross Profits Up 30%

Wisynco Group Limited (Wisynco) is reporting revenues of JA$9.1 billion for the first quarter ended September 30, 2019, an increase of 34.6% over the JA$6.8 billion achieved in the corresponding quarter of 2018. In his report to shareholders, Chief Executive Officer Andrew Mahfood said they had very strong growth in their core beverage brands as […]

Supreme Ventures Group Reporting 12.3% Jump In Profits For 9 Months Ending September 30, 2019

The Supreme Ventures Group is reporting JA$526.53 million in profits, for the nine months ending September 30, 2019, representing an increase of $57.66 million or 12.3% when compared to the corresponding period in 2018. The results include the performance of the recently acquired operations of Post to Post Betting Limited of $28.07 million, with profits […]

Access Financial Services Reporting Lower Interest Margins And Increased Allowance For Credit Losses For 29% Reduction In Net Profit After Tax For 6 Month Ended September 30, 2019

Access Financial Services Limited recorded consolidated net profit after tax of JA$280 million for the six-month period ended September 30, 2019, compared to the net profit of $396 million for 2018. This Chief Executive Officer Marcus James said represents a 29% decline in net profit year over year due to lower interest margins and increased […]

Corporate Movements at Supreme Ventures Limited

Supreme Ventures Limited has announced a New Management Structure as of November 1, 2019, which will see the streamlining of their group of companies in preparation for more aggressive expansion across the region. President & CEO Ann-Dawn Young Sang will now spearhead the regional implementation, supported by two new operational divisions headed by Xesus Johnston […]

UK Grants Huawei Access To 5G Network

British Prime Minister Boris Johnson is preparing to grant telecommunications giant Huawei access to the UK’s future 5G telecoms network. Senior government and security services sources said the UK is moving towards a decision that will see Huawei allowed access to the non-contentious parts of the network, which will open a rift with the United […]

Palace Amusement Company Reporting 11% Decrease In Attendance Across Circuit for 2019

The Palace Amusement Company Limited is reporting an 11 per cent decrease in attendance across its circuit of cinema’s, which though significant the company says was not surprising. The 2019 financial year saw the Group rallying and holding its own in the wake of a spectacular 2018, the company reports. For 2019 Palace recorded flat […]

Sygnus Credit Investments Reporting Record Net Profit Of US$2.1M And Net Investment Income Of US$2.2M For Fiscal 2019

Sygnus Credit Investments Ltd. (SCI) is reporting for the year ended June 30, 2019.  record net profit of US$2.1 million and record net investment income of US$2.2 million, representing its core earnings. Chairman of Sygnus Credit Investments Limited, Clement Wainwright Iton, in his remarks to shareholders reported that SCI’s positive second-year results continue to reflect […]

Caribbean Producers Information Technology Implementation Failure Major Contributor To 2019 Financial Year Net Loss Of US$1.17M

Caribbean Producers Limited, this year celebrating its’ 25th year in business, has highlighted its much publicized Information Technology (IT) implementation failure at the start of the FY 18/19, as defining their future as a company, with an intense self-examination of internal processes. The CPJ Group experienced a critical failure at implementation of a new IT […]

LASCO Manufacturing Reporting Flat Second Quarter Revenues Of JA$2B.

LASCO Manufacturing Limited is reporting in unaudited results for the second quarter ended September 30, 2019 flat revenues of JA$2.060B. Reported revenue for 2018 was JA2.065B Gross margin for the period was 37% up from 35% in the same period of the previous year. Commenting on the results, Managing Director James Rawle, said the margin […]