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Seprod Reaches Agreement To Acquire Facey Group’s Consumer Business

Seprod Limited has advised that it has reached an agreement to acquire Facey Group Limited’s consumer business, which consists solely of consumer goods and pharmaceutical products in Jamaica distributed by the Facey Group. Seprod’s board unanimously approved the terms of the acquisition which includes paying a mix of cash and shares to acquire Facey Consumer […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

CAC 2000 Blames Colder Weather And Persistent Rain For Company’s Lower Than Expected Q1 Performance

Steven Marston Chairman and CEO of CAC 2000 Limited has blamed colder weather and persistent rain diminishing the demand for personal air-conditioning for the company’s lower than expected performance for their first quarter ending January 2017. The resulting year to date revenue of JA$240 Million reflected a 21 per cent decrease over the same 2017 […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

Main Event Entertainment Group Reporting Marginal 8.6% Improvement In Q1 Revenues

The Directors of Main Event Entertainment Group have released the company’s unaudited financial statements for the quarter ending January 2018. Reporting a marginal improvement in revenues of 8.6 per cent, the company posted JA$361 Million up from JA$333 Million for the same 2017 period. Commenting on the results Chief Executive Officer Solomon Sharpe reported that […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

Mayberry Investments Closes 2017 With Stockholders’ Equity Increasing By JA$2.1B Or 29% To Close The Year At JA$9.4B Or JA$7.79 Per Share.

Gary Peart, Chief Executive Officer for Mayberry Investments Ltd is reporting in the company’s just released 2017 annual report, revenues of JA$2.2 billion, a year-over-year increase of JA$993 million or an increase of 82% when compared to 2016. This is the third consecutive year the company has recorded in excess of a billion dollars of […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

JMMB Group Preference Share Offer Raises Over J$9B Tripling Initial Target Of J$3B.

The week-long JMMB Group Limited (JMMBGL) Preference Share Offer, which closed on Wednesday, March 7, 2018 raised J$9.28 B in total; almost tripling, the company’s initial target of approximately J$3.2 B. JMMBGL offered four (4) simultaneous tranches of cumulative redeemable preference shares, with a US$ and J$ option, which matures in 2025 – although the […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

CAC 2000 To Raise JA$200M via Variable Rate Cumulative Redeemable Preference Shares

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 […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

Guardian Holdings Achieved Excellent Results For 2017 – Ganteaume

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 […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

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 […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

Kingston Wharves Now Equipped To Harness The Benefits Of 2017 Investments.

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 […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries

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 […]

Productive Business Solutions Announces Successful Closure of Transactions Through Costa Rica And Guatemala Subsidiaries