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Jamaica’s Macroeconomic Achievements, To Date, Have Been Extremely Impressive – World Bank

Newly appointed World Bank Vice President for Latin America and the Caribbean, Axel van Trostenburg, says Jamaica’s macroeconomic achievements, to date, have been extremely impressive. he said that he didn’t know any country that has achieved, over a sustained period of time, the fiscal adjustments and reforms as Jamaica has done, and produced a most […]

Kingston Wharves 2018 Performance Signaled The Success Of Their Growth Strategy, Recording Revenues Of J$7.25 Billion An Increase Of J$884 Million Over 2017.

Grantley Stephenson Chief Executive Officer of Kingston Wharves Limited is reporting that The Group’s performance in 2018 signaled the success of their growth strategy, this as they realised revenues amounting to J$7.25 billion as at December 31, 2018, an increase of J$884 million over the 2017. 2018 he said was a year in which they […]

Jetcon Corporation Ends 2018, Its 3rd Year On Junior Market Of The Jamaica Stock Exchange, With First Year Of Decline In Profits Since 2014

Jetcon Corporation Limited, described as Jamaica’s pre-eminent preowned car dealers, marked its third year of listing on the Junior Market of the Jamaica Stock Exchange in 2018 with revenues declining modestly from JA$1.18 billion in 2017 to JA$1.16 billion in 2018. Operational costs increased in 2018, resulting in the reduction in profit to JA$92 million, […]

NCBFG Provides Update On NCB Global Holdings Limited Acquisition Of Controlling Interest In Guardian Holdings Limited

NCB Financial Group Limited (NCBFG) has provided the following update regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited (GHL): 1) All the terms and conditions of the Offer have been complied with or waived as of the 2nd day of May, […]

Corporate Movements – May 2019

Lasco Distributors Limited (LASD) has advised that Mr. Peter Chin has resigned as Managing Director and Deputy Chairman form the Board of LASD effective April 30, 2019. LASD further advised that Mr. Dwaine Williams, the General Manager, in collaboration with the Executive Chairman, Mr. Lascelles Chin, will assume the responsibilities and functions of Mr. Peter […]

Supreme Ventures Racing And Entertainment Is Focused On Building On The Momentum Achieved In The First Quarter

Gaming and entertainment company, Supreme Ventures Limited, released its first quarter financial results showing overall segment performance of $924 million, a 14% improvement at the close of the first quarter of 2019 compared to the first quarter of the previous year. The company is reporting $621 million in its consolidated profits, representing the best results […]

First Global Bank Wins Best Innovation In Retail Banking Award From International Banker

First Global Bank Limited (FGB), the commercial bank of the GraceKennedy Group, has won the prestigious ‘Best Innovation in Retail Banking Award’ from International Banker. International Banker is the authoritative voice on global banking analysis and identifies the best practice institutions that have done exceptional work in the past year to advance and strengthen the […]

The Wisynco Group Reporting Q3 2019 Revenues Of JA$6.9B A 18.7% Increase Over The JA$5.8B Achieved In 2018.

The Wisynco Group is reporting unaudited financial results for the third quarter ended March 31, 2019, with revenues of JA$6.9 billion representing an increase of 18.7% over the JA$5.8 billion achieved in 2018. Gross Profit also increased to JA$2.6 billion or 24.9% over the JA$2.1 billion achieved in the same quarter of 20818. Gross Margin […]

For Stationery And Office Supplies Limited 2018 Was Another Year Of Growth As A Result Of An Acquisitive Approach And A Robust Sales Strategy.

Chairman and Managing Director for Stationery and Office Supplies Limited (SOS) David McDaniel is reporting 2018 as another year of growth as a result of an acquisitive approach and a robust sales strategy. During the 2018 financial year, SOS acquired the SEEK brand of notebooks and launched into manufacturing, while simultaneously surpassing JA$1 billion in […]

During The 2018 Financial Year SOS Acquired The SEEK Brand Of Notebooks And Launched Into Manufacturing

During the 2018 financial year, SOS acquired the SEEK brand of notebooks and launched into manufacturing, while at the same time simultaneously surpassing $1 billion in annual sales for the first time in the company’s history. The company assets grew 30 percent in the year to $853 million, mainly from the purchase of SEEK and […]