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Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Oliver Townsend CEO of Knutsford Express is reporting that the 2016/17 financial year saw the company continuing on its strong and sustained growth path with the business recording a 40% increase in net profit to $170M over 2016 with a corresponding 33% growth in assets from $442M in 2016 to $587M. With growth in revenues […]

Paramount Trading Looking To Tourism And Agriculture And Export Of Lubricants And Chemicals To Increase Footprint And Profitability.

Paramount Trading Looking To Tourism And Agriculture And Export Of Lubricants And Chemicals To Increase Footprint And Profitability.

For the 2016-2017 financial year Paramount Trading’s performance was fairly solid as revenue grew by $131.5 Million reaching $1.15 Billion up from $1.02 Billion in the previous year, this according to Hugh Graham CEO & Managing Director of company in his report to shareholders contained in the company’s 2017 annual report. Graham who founded the […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

International rating agency Standard Poor’s (S&P) this week downgraded Barbados for the second time in six months, lowering its long-term local currency rating from CCC+ to CCC. In giving the rating a negative outlook, S&P said this reflected the potential for a downgrade over the next 12 months should the Government fail to advance measures […]

T&T Can Earn Much-Needed Foreign Exchange Selling More Natural Gas To Europe – Biesebroek

Palace Amusement Experiencing Significant Jumps In Stock Price Over The Last 9 Months

The Palace Amusement Company Limited is reporting a substantial improvement in net profits of $42.8M for the financial year ending June 2017, up from $15.7M for the 2016 period. The company was also able to report improved earning per stock unit of $22.97 up from $11.38 for 2016. Jamaica’s only cinema company was able to […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

JMMB Bank CEO Jerome Smalling Accelerating Rate Of Customer Acquisition With Aggressive Push

The JMMB Group has embarked on a 2017/2018 strategic focus to improve sales productivity and capacity while increasing client reach, this as it moves to position itself as a stronger player in the Jamaican commercial banking space by 2020. JMMB Group plans to target nearly three-quarters of small and medium-sized enterprises that rely on financing […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Tourism Ministry To Roll Out Initiatives To Diversify Tourism Product Through Five Linkages Networks – Bartlett

Minister of Tourism Edmund Bartlett, has indicated that his Ministry will continue to roll out initiatives to diversify the tourism product through the five Linkages Networks – Gastronomy, Health and Wellness, Sports and Entertainment, Knowledge, and Shopping – to attract more visitors to the island as well as generate additional earnings.He added that while encouraging […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Government Should Lower Jamaican Dollar Reserve Requirements To Facilitate Further Decreases In Interest Rates – Holness

President of the Jamaica Bankers Association Nigel Holness, is proposing that the Government consider lower the Jamaican dollar reserve requirements to facilitate further decreases in interest rates. Mr. Holness argues that lowering of the reserve requirement would release much-needed Jamaican dollar liquidity into the lending pool for productive loans, thus having a direct impact on […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Mayberry Investments Joins John Jackson, In Calling For A Rejection Of Ansa Coating International’s Offer – Updated

The number of shareholders coming out and publicly rejecting Ansa Coating International Limited’s offer to purchase the ordinary shares in Berger Paints Jamaica Limited, now held by minority shareholders is growing. Mayberry Investments Limited, noted financial analyst John Jackson, Sagicor Investments, a subsidiary of Sagicor Group which controls more than 10 percent of Berger Paints […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Anya Schnoor Promoted To Executive Vice-President, Retail Payments, Deposits And Unsecured Lending For Canadian Banking

Anya Schnoor currently Managing Director of Scotiabank Trinidad and Tobago Limited, and Senior Vice President and Head of the Caribbean South and East has been promoted to Executive Vice-President, retail payments, deposits and unsecured lending for Canadian banking. Scotiabank announced Schnoor’s promotion on Tuesday with her appointment taking effect after November 1 and once a […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Sweet River Abattoir & Supplies Finally Makes A Profit – Gifford

The 2016-2017 financial year had its challenges and many lessons were learnt, according to Henry Graham Chairman of Sweet River Abattoir & Supplies Company Limited, chief among them was the loyalty of pig farmers, markets and other stakeholders. Describing the year as exceptional when compared to the past two (2) years, Graham reported that the […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17