Home Tag "Massy Group"

Massy Group Turns To Centralised Procurement Of Indirect Goods And Services – Warner

E. Gervase Warner President & Group Chief Executive Officer of the Massy Group has pointed to the current economic challenges providing additional urgency to the Group’s focus on efficiency and cost effectiveness and going forward will be focusing on shared services and procurement platforms to improve efficiency and profitability. Reporting to shareholders in the company […]

Caribbean Cream Revenue And Market Share Growth Achieved By Maintaining Retail Prices, Despite Increasing Costs.

Despite Setbacks And Challenges Faced By Massy Group, We Performed Well In 2017 – Bermudez

Despite setbacks and challenges faced by the Trinidad and Tobago based Massy Group of companies, Chairman of the Board Robert Bermudez is reporting that the Group performed well in the 2017 Financial Year. He pointed to the commendable performance delivered by the businesses in Jamaica, Guyana and the Eastern Caribbean which produced double digit growth. […]

Caribbean Cream Revenue And Market Share Growth Achieved By Maintaining Retail Prices, Despite Increasing Costs.

Time For Businesses To Be Innovative If You Are Just Doing What You Used To Do Before, Then You’re Going Down – Warner

Local businesses need to be unconventional in their thinking and unshakeable, innovative and “unfoolish” in their execution if they are to soar above the current financial recession. Nothing can be achieved by ordinary means, so if we want to soar above this recession, we cannot be trapped into ordinary thinking. I have identified the foreign […]

Achieving Sustainable Gender Equality Requires Behaviour Change

Massy Holdings Reporting 18% Decline In PAT Arising From Loss On Disposal Of Massy Communications Plus Year To Date Operational Losses

Robert Bermudez, chairman of Trinidad and Tobago based Massy Holdings, is reporting to shareholders that for the nine months ending June 30, 2017, the company declared after-tax profits of TT$318 million, an 18 per cent decline compared with the same period in 2016. The conglomerate’s results include a TT$72.3 million loss from discontinued operations, comprising […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.

“Other Competitors Should View The Move With Terror. I Hope They Are Terrified, As They Should Be.” Emile Elias TSTT chairman

Emile Elias, Chairman of The Telecommunications Services of Trinidad and Tobago (TSTT) , the country’s largest telecommunications provider reported that a signed Share Purchase Agreement to acquire the 100% shareholding of Massy Communications Ltd for $255 million was executed and brings an additional 34,000 homes and a Fibre to the Home system to TSTT. The […]

Is Evan Spiegel, Creator of Snapchat, The Highest-Paid US Chief Executive Of 2017 With Total Remuneration Of $638m?

While The Group Experienced Great Accomplishments in 2016 Massy Also Faced Some Challenges.

Key Items In The 2016 Period: • Third Party Revenue decreased 3 percent or $411 million, from $11.9 billion to $11.5 billion. There was a 45 percent or $489 million reduction in revenue from the Energy businesses in Colombia and Trinidad and Tobago. • Earnings Before Finance Costs and Tax decreased by 8 percent, from […]

Caribbean Cream Revenue And Market Share Growth Achieved By Maintaining Retail Prices, Despite Increasing Costs.

Continued Service-Based Leadership Transformation At Massy Holdings.

This year, we charged ourselves with the task of transforming the leadership of the organisation by changing and clearly articulating the expectations of Massy leaders, across all businesses. The expectations are based on more service oriented, values-based leadership, which is recognised as essential to the sustained success of the Group. The roll-out of the new […]

Achieving Sustainable Gender Equality Requires Behaviour Change

2016 Was A Challenging Year For The Massy Group, Resulting in a Mixed Financial Performance. – Bermudez

Robert Bermudez Chairman of Massy Holdings Limited has described 2016 as a challenging year for the Group, resulting in a mixed financial performance. In his report to shareholders contained in the company’s just released 2016 Annual Report, he cites a number of one-off charges contributing to a 22 percent decline in Earnings Per Share (EPS) […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.