Jamaica Stock Exchange, Junior Market listed company, CAC 2000 Limited has announced plans to go to the capital market to raise JA$200 Million by way of the issuance of 200 million 9.5% Variable Rate Cumulative Redeemable Preference Shares at a value of JA$1 each. The offer, outlined in a prospectus published on the Jamaica Stock […]
Henry Peter Ganteaume Deputy Chairman, of Guardian Holdings Limited is reporting that the Group achieved excellent results for 2017, a year during which two catastrophic hurricanes of unprecedented ferocity struck the Northern Caribbean. After establishing net claims reserves of TT$99 million, Group Profit attributable to equity shareholders for the year ended 31 December 2017 amounted […]
Scotiabank Trinidad And Tobago Reduction In Profitability Driven By Higher Loan Loss Provisioning & Increased Corporation Tax Rates.
Scotiabank Trinidad and Tobago Ltd is reporting income after taxation of TT$148 million for the quarter ended 31 January 2018, a decrease of TT$23 million or 13% over the comparative period last year. In commenting on the results, Stephen Bagnarol, Managing Director said this reduction in profitability was driven by higher levels of loan loss […]
Jeffrey Hall Chairman of Kingston Wharves Limited has indicated that the company is now equipped for the future and its focus for 2018 will be to harness the benefits of its investments. In 2017 Kingston Wharves realized a number of initiatives, outlined in its strategic development plan, allowing it to now gain efficiencies in terminal […]
2017 Filled With Challenges And Opportunities As GraceKennedy Group Reaches Milestone Of JA$92 Billion In Revenue
Don Wehby, Group CEO for The GraceKennedy Group has described 2017 as one filled with challenges and opportunities, even as his team was focused and proactive in delivering on new initiatives, establishing new distribution channels, launching new products and executing financial inclusion strategies. Their resilience and diversity allowed them to withstand the pressures, maximise opportunities […]
Jamaican Government And World Bank Sign US$15-Million Loan Agreement Providing Financial Support For Micro, Small And Medium-Sized Enterprises
The Jamaican Government and the World Bank, have signed a US$15-million loan agreement that will provide greater financial support for micro, small and medium-sized enterprises (MSMEs). Under the Access to Finance Project, US$5 million will go towards boosting the Credit Enhancement Facility for guarantees to MSME loans; US$5 million will be used to support the […]
Ann Dawn Young Sang, CEO of Supreme Ventures Limited is reporting that revenues from all components of the Group’s Horse Racing business are showing an upward trend, and that the Group has a strategic plan aimed at capitalizing on the growth and synergistic opportunities within the business. Young Sang indicated, in her report to shareholders […]
Jamaica Producers Group Four (4) Pillars for Improved Product and Service Offering & Enhanced Operating Efficiency.
Jamaica Producers Group and its subsidiaries are expected to continue a programme of investment that is designed to improve its product and service offering, while enhancing its operating efficiency according to Chairman Charles Johnston. Here are the four pillars 1. As part of this programme of investment, during the last financial year, Kingston Wharves launched […]
Jetcon Corporation Ltd is reporting profits of JA$154 million for their 2017 financial year, a 55% jump over 2016. The directors are celebrating another successful year as revenues were also up, rising 37% to exceed the $1 billion mark for the first time. However, sales in December were lower than expected, due to delays in […]
The Jamaica Producers Group is reporting for the year ended December 31, 2017, consolidated revenues of JA$16.2 billion, generating JA$662 million of net profit attributable to shareholders. This was however lower than the prior year profits, as the 2016 result included gains related both to the acquisition of Kingston Wharves Limited for JA$2.9 billion and […]