Businessuite Markets
Businessuite 2017 Skin Index By Company – Caribbean
Published
7 years agoon
Businessuite 2017 Skin Index -By Company Caribbean | ||||||
2017 Rank | Executive | Company | Skin Holdings | 2016 US$ | 2017 Skin Index | |
1 | John W. Lee | 138 Student Living Jamaica Limited | 167,439,627 | $6,262,840 | 40.40% | |
2 | Douglas Stibel | 138 Student Living Jamaica Limited | 15,673,025 | $586,227 | 3.78% | |
3 | Oliver Clarke | 1834 Investments Limited | 434,557,600 | $4,063,501 | 35.88% | |
4 | Joseph Matalon | 1834 Investments Limited | 93,628,124 | $875,506 | 7.73% | |
5 | Christopher Barnes | 1834 Investments Limited | 5,308,834 | $49,642 | 0.44% | |
6 | Douglas R. Orane | 1834 Investments Limited | 1,053,553 | $9,852 | 0.09% | |
7 | Marcus James | Access Financial Services Limited | 120,220,534 | $20,609,770 | 43.79% | |
8 | Neville James | Access Financial Services Limited | 7,174,950 | $1,230,023 | 2.61% | |
9 | Christian Mouttet | Agostini’s Limited | 29,526,008 | $81,921,818 | 42.80% | |
10 | Anthony J. Agostini | Agostini’s Limited | 746,685 | $2,071,726 | 1.08% | |
11 | Rajesh Rajkumarsingh | Agostini’s Limited | 28,230 | $78,326 | 0.04% | |
12 | Joseph Esau | Agostini’s Limited | 10,000 | $27,746 | 0.01% | |
13 | Antonia Hugh | AMG Packaging & Paper Co Ltd | 32,351,718 | $6,178,918 | 31.60% | |
14 | George Hugh | AMG Packaging & Paper Co Ltd | 24,263,792 | $4,634,190 | 23.70% | |
15 | Mark Chin/Paul Chin | AMG Packaging & Paper Co Ltd | 24,263,792 | $4,634,190 | 23.70% | |
16 | Dr. Rolph N.S. Balgobin | Angostura Holdings Limited | 0 | $0 | 0.00% | |
17 | Robert Wong | Angostura Holdings Limited | 0 | $0 | 0.00% | |
18 | Romesh Singh | Angostura Holdings Limited | 0 | $0 | 0.00% | |
19 | Anthony N. Sabga | ANSA Mc Al Limited | 110,898,547 | $1,168,573,955 | 62.94% | |
20 | A. Norman Sabga | ANSA Mc Al Limited | 1,649,453 | $17,380,821 | 0.94% | |
21 | David B. Sabga | ANSA Mc Al Limited | 172,404 | $1,816,677 | 0.10% | |
22 | Andrew N. Sabga | ANSA Mc Al Limited | 122,858 | $1,294,595 | 0.07% | |
23 | Aneal Maharaj | ANSA Mc Al Limited | 21,202 | $223,412 | 0.01% | |
24 | Anthony N. Sabga | ANSA Merchant Bank Limited | 72,929,056 | $463,397,478 | 85.19% | |
25 | Gregory N. Hill | ANSA Merchant Bank Limited | 0 | $0 | 0.00% | |
26 | Trevor Edwards | ANSA Merchant Bank Limited | 0 | $0 | 0.00% | |
27 | Banks Holdings Limited | 0 | $0 | 0.00% | ||
28 | Rita Humphries-Lewin | Barita Investments | 339,975,664 | $15,895,379 | 76.40% | |
29 | John Minott | Barita Investments | 5,885,322 | $275,165 | 1.32% | |
30 | Karl Lewin | Barita Investments | 5,675,322 | $265,347 | 1.28% | |
31 | George W. Cooper | Barita Investments | 5,302,322 | $247,907 | 1.19% | |
32 | Ian A Mcnaughton | Barita Investments | 296,000 | $13,839 | 0.07% | |
33 | Peta Rose Hall | Barita Investor only | 11,188,814 | $523,127 | 2.51% | |
34 | Mustafa Turra | Berger Paints Ltd | 0 | $0 | 0.00% | |
35 | Directors’ Shareholding | Berger Paints Trinidad Limited | 0 | $0 | 0.00% | |
36 | Senior Management | Berger Paints Trinidad Limited | 0 | $0 | 0.00% | |
37 | BICO Industries Limited | 0 | $0 | 0.00% | ||
38 | Dahru Tanner | Blue Power Group Limited | 28,300,800 | $6,615,943 | 50.09% | |
39 | Ivan Berry | C2W Music Limited | 180,000,000 | $490,922 | 45.00% | |
40 | Derek Wilkie | C2W Music Limited | 80,000,000 | $218,187 | 20.00% | |
41 | Cable & Wireless (Barbados) Limited | 0 | $0 | 0.00% | ||
42 | Garfield H Sinclair | Cable and Wireless Jamaica – FLOW | 4,021,000 | $25,067 | 0.02% | |
43 | Steven Marston | CAC 2000 Limited | 67,462,522 | $2,602,193 | 52.28% | |
44 | Colin Roberts | CAC 2000 Limited | 27,355,291 | $1,055,160 | 21.20% | |
45 | Antony Hart | Cargo Handlers Limited | 11,324,264 | $1,632,501 | 27.21% | |
46 | Mark Hart | Cargo Handlers Limited | 10,991,198 | $1,584,487 | 26.41% | |
47 | Jane Fray | Cargo Handlers Limited | 10,991,198 | $1,584,487 | 26.41% | |
48 | Thersa Chin | Cargo Handlers Limited | 760,022 | $109,564 | 1.83% | |
49 | Alejandro Vares | Caribbean Cement Co. | 300 | $79 | 0.00% | |
50 | Scoops Un-Limited Limited | Caribbean Cream Limited | 121,141,801 | $7,079,900 | 32.00% | |
51 | Carol Clarke Webster | Caribbean Cream Limited | 58,521,764 | $3,420,192 | 15.46% | |
52 | Matthew G. Clarke | Caribbean Cream Limited | 58,221,764 | $3,402,659 | 15.38% | |
53 | Christpher Clarke | Caribbean Cream Limited | 53,221,764 | $3,110,444 | 14.06% | |
54 | Derrick Cotterll | Caribbean Flavours & Fragrances Ltd | 67,457,330 | $6,307,862 | 75.02% | |
55 | Ian C. Kelly | Caribbean Flavours & Fragrances Ltd | 2,322,814 | $217,204 | 2.58% | |
56 | Anthony James | Caribbean Flavours & Fragrances Ltd | 820,700 | $76,743 | 0.91% | |
57 | Mark Hart | Caribbean Producers Ja Ltd | 880,000,000 | $22,629,159 | 80.00% | |
58 | Marcus Steele | Carreras Limited | 0 | $0 | 0.00% | |
59 | R. Geoffrey Cave, | Cave Shepherd & Company Limited | 5,858,534 | $10,252,435 | 32.02% | |
60 | R. M. Cave | Cave Shepherd & Company Limited | 320,235 | $560,411 | 1.75% | |
61 | John M. B. Williams | Cave Shepherd & Company Limited | 56,602 | $99,054 | 0.31% | |
62 | Anthony Chang | Consolidated Bakeries (Jamaica) Ltd | 155,675,286 | $2,741,574 | 69.90% | |
63 | Derrick Cotterll | Derrimon Trading Company Ltd | 110,000,000 | $4,714,408 | 40.24% | |
63 | Monique Cotterll | Derrimon Trading Company Ltd | 40,000,000 | $1,714,330 | 14.63% | |
64 | Ian C. Kelly | Derrimon Trading Company Ltd | 15,743,459 | $674,737 | 5.76% | |
65 | Winston Thomas | Derrimon Trading Company Ltd | 13,363,979 | $572,757 | 4.89% | |
66 | Stafford Burrowes | Dolphin Cove Limited | 45,367,938 | $5,302,884 | 11.56% | |
67 | Marilyn Burrowes | Dolphin Cove Limited | 1,000,008 | $116,887 | 0.25% | |
68 | Nicholas Scott | Eppley Limited | 156,849 | $898,340 | 19.70% | |
69 | Nigel Clarke | Eppley Limited | 142,631 | $816,908 | 17.91% | |
70 | Melanie Subratie | Eppley Limited | 136,020 | $779,044 | 17.08% | |
71 | P.B. Scott | Eppley Limited | 136,020 | $779,044 | 17.08% | |
72 | Owned by Parent 91.67% | First Caribbean International Bank Ltd | 0 | $0 | 0.00% | |
73 | Sharon Christopher | First Citizens Bank Limited | 23,227 | $128,742 | 0.01% | |
74 | Jason Julien | First Citizens Bank Limited | 5,000 | $27,714 | 0.00% | |
75 | Richard Look Kin | First Citizens Bank Limited | 2,381 | $13,197 | 0.00% | |
76 | Karen Darbasie | First Citizens Bank Limited | 0 | $0 | 0.00% | |
77 | Anthony Isidore Smart | First Citizens Bank Limited | 0 | $0 | 0.00% | |
78 | Sharon Donaldson | General Accident Insurance Co Ltd | 3,377,956 | $73,703 | 0.33% | |
79 | William Putnam | Goddard Enterprises Limited | 502,027 | $2,261,632 | 0.89% | |
80 | Charles Herbert | Goddard Enterprises Limited | 159,097 | $716,732 | 0.28% | |
81 | Anthony Ali | Goddard Enterprises Limited | 18,141 | $81,725 | 0.03% | |
82 | Douglas R. Orane | Gracekennedy Ltd. | 21,358,272 | $6,823,729 | 6.45% | |
83 | Donald G. Wehby | Gracekennedy Ltd. | 10,929,855 | $3,491,966 | 3.30% | |
84 | Ryan Mack | Gracekennedy Ltd. | 1,202,460 | $384,173 | 1.49% | |
85 | Frank A. R. James | Gracekennedy Ltd. | 2,010,153 | $642,221 | 0.61% | |
86 | Michael Ranglin | Gracekennedy Ltd. | 1,568,097 | $500,989 | 0.47% | |
87 | Gordon V. Shirley | Gracekennedy Ltd. | 612,092 | $195,557 | 0.18% | |
88 | Arthur Lok Jack | Guardian Holdings Limited | 14,590,771 | $29,246,740 | 6.29% | |
89 | Peter Ganteaume | Guardian Holdings Limited | 645,000 | $1,292,882 | 0.28% | |
90 | Fé Lopez-Collymore | Guardian Holdings Limited | 291,913 | $585,130 | 0.13% | |
91 | Brent Ford | Guardian Holdings Limited | 268,417 | $538,033 | 0.12% | |
92 | Richard Espinet | Guardian Holdings Limited | 124,758 | $250,073 | 0.05% | |
93 | Ravi Tewari | Guardian Holdings Limited | 116,044 | $232,607 | 0.05% | |
94 | Anthony N. Sabga III | Guardian Media Limited | 9,035 | $27,187 | 0.02% | |
95 | Teresa White | Guardian Media Limited | 0 | $0 | 0.00% | |
96 | Larry Jerome | Guardian Media Limited | 0 | $0 | 0.00% | |
97 | Michelle Chong | Honey Bun (1982) Limited | 37,500,000 | $1,709,460 | 39.79% | |
98 | Herbert Chong | Honey Bun (1982) Limited | 37,500,000 | $1,709,460 | 39.79% | |
99 | Ingrid Innes | Insurance Corporation of Barbados Ltd | 23,979 | $45,081 | 0.06% | |
100 | Goulbourne Alleyne, | Insurance Corporation of Barbados Ltd | 7,985 | $15,012 | 0.02% | |
101 | R. John Wight | Insurance Corporation of Barbados Ltd | 0 | $0 | 0.00% | |
102 | Richard Evan Thwaites | IronRock Insurance Company Limited | 56,000,000 | $1,745,500 | 26.17% | |
103 | William A. McConnell | IronRock Insurance Company Limited | 54,500,000 | $1,698,745 | 25.47% | |
104 | Wayne N. Hardie | IronRock Insurance Company Limited | 1,025,727 | $31,972 | 0.48% | |
105 | Dennis Smith (Gencorp Limited) | ISP Finance Services Limited | 54,517,500 | $3,610,993 | 51.92% | |
106 | Robert Chung (Sunfisher Corp) | ISP Finance Services Limited | 45,832,500 | $3,035,738 | 43.65% | |
107 | Primrose Smith | ISP Finance Services Limited | 1,500,000 | $99,353 | 1.43% | |
108 | Robert Levy | Jamaica Broilers Group | 152,376,620 | $17,691,979 | 12.71% | |
109 | Christopher Levy | Jamaica Broilers Group | 16,844,106 | $1,955,717 | 1.40% | |
110 | Claudette Cook | Jamaica Broilers Group | 4,060,899 | $471,498 | 0.34% | |
111 | Ian Parsard | Jamaica Broilers Group | 3,207,739 | $372,441 | 0.27% | |
112 | Charles. H. Johnston | Jamaica Producers Group | 17,510,498 | $1,262,153 | 9.36% | |
113 | M. McG. Hall | Jamaica Producers Group | 16,769,284 | $1,208,727 | 8.97% | |
114 | Mrs. K.A.J. Moss | Jamaica Producers Group | 6,060,078 | $436,809 | 3.24% | |
115 | Jeffrey. McG. Hall | Jamaica Producers Group | 4,418,537 | $318,487 | 2.36% | |
116 | Robin Levy | Jamaica Stock Exchange Ltd | 50,000 | $2,143 | 0.04% | |
117 | Marlene Street Forrest | Jamaica Stock Exchange Ltd | 30,000 | $1,286 | 0.02% | |
118 | Violet Helen Mahfood | Jamaican Teas Limited | 118,015,318 | $4,460,175 | 34.98% | |
119 | John Mahfood | Jamaican Teas Limited | 94,064,178 | $3,554,985 | 27.88% | |
120 | Norman Russell | Jamaican Teas Limited | 300,000 | $11,338 | 0.09% | |
121 | Andrew Jackson | Jetcon Corporation Limited | 117,302,400 | $5,484,411 | 60.31% | |
122 | John Jackson | Jetcon Corporation Limited | 1,620,000 | $75,742 | 0.83% | |
123 | Keith P. Duncan | JMMB Group Ltd | 101,144,376 | $11,428,298 | 6.20% | |
124 | Donna Duncan-Scott | JMMB Group Ltd | 87,013,712 | $9,831,675 | 5.34% | |
125 | Noel A. Lyon | JMMB Group Ltd | 84,061,652 | $9,498,122 | 5.16% | |
126 | Wayne Sutherland | JMMB Group Ltd | 38,050,860 | $4,299,365 | 2.33% | |
127 | Archibald Campbell | JMMB Group Ltd | 363,227 | $41,041 | 0.02% | |
128 | Natalia Gobin-Gunter | Key Insurance Company Limited | 88,405,445 | $1,791,118 | 25.11% | |
129 | Sandra Masterton | Key Insurance Company Limited | 88,405,444 | $1,791,118 | 25.11% | |
130 | Kayla Abrahams | Key Insurance Company Limited | 88,405,444 | $1,791,118 | 25.11% | |
131 | Garfield H Sinclair | Kingston Properties Limited | 4,164,407 | $324,508 | 2.59% | |
132 | Kevin Richards | Kingston Properties Limited | 10,500 | $818 | 0.01% | |
133 | Grantley Stephenson | Kingston Wharves | 331,369 | $51,669 | 0.02% | |
134 | Joseph Bogdanovich | KLE Group Limited | 23,168,835 | $352,055 | 23.17% | |
135 | Gary Matalon | KLE Group Limited | 16,073,628 | $244,242 | 16.07% | |
136 | Stephen Shirley | KLE Group Limited | 10,111,500 | $153,646 | 10.11% | |
137 | Oliver Townsend | Knutsford Express Limited | 33,526,664 | $5,225,070 | 33.53% | |
138 | Anthony Copeland | Knutsford Express Limited | 23,926,664 | $3,728,928 | 23.93% | |
139 | Gordon Townsend | Knutsford Express Limited | 17,526,664 | $2,731,499 | 17.53% | |
140 | Lascelles Chin | Lasco Distributors Limited | 2,668,889,040 | $146,619,401 | 79.07% | |
141 | Eileen Chin | Lasco Distributors Limited | 15,006,740 | $824,418 | 0.44% | |
142 | Peter Chin | Lasco Distributors Limited | 14,000,000 | $769,111 | 0.41% | |
143 | A. Alex Balogun | Lasco Distributors Limited | 3,429,733 | $188,417 | 0.10% | |
144 | Lascelles Chin | Lasco Financial Services Limited | 761,704,332 | $18,459,444 | 62.02% | |
145 | Jacinth Hall-Tracey | Lasco Financial Services Limited | 7,346,198 | $178,031 | 0.60% | |
146 | Lascelles Chin | Lasco Manufacturing Limited | 3,247,122,250 | $126,514,543 | 79.45% | |
147 | Eileen Chin | Lasco Manufacturing Limited | 16,000,000 | $623,393 | 0.39% | |
148 | Peter Chin | Lasco Manufacturing Limited | 5,585,980 | $217,641 | 0.14% | |
149 | Ian Dear | Margaritaville Caribbean Limited | 25,000 | $1,068 | 50.00% | |
150 | Elliot Gervase Warner | Massy Holdings Limited | 161,588 | $1,331,439 | 0.17% | |
151 | Paula Rajkumarsingh | Massy Holdings Limited | 145,017 | $1,194,898 | 0.15% | |
152 | Angela Hamel-Smith | Massy Holdings Limited | 82,296 | $678,095 | 0.08% | |
153 | Robert Bermudez | Massy Holdings Limited | 27,849 | $229,468 | 0.03% | |
154 | Christopher Berry | Mayberry Investments Ltd. | 470,222,514 | $20,152,917 | 39.15% | |
155 | Konrad Berry | Mayberry Investments Ltd. | 465,985,397 | $19,971,321 | 38.79% | |
156 | Gary Peart | Mayberry Investments Ltd. | 34,740,915 | $1,488,935 | 2.89% | |
157 | Winston Boothe | Medical Disposables & Supplies Ltd | 50,000,000 | $1,636,406 | 19.00% | |
158 | Myrtis Boothe | Medical Disposables & Supplies Ltd | 50,000,000 | $1,636,406 | 19.00% | |
159 | Kurt Boothe | Medical Disposables & Supplies Ltd | 50,000,000 | $1,636,406 | 19.00% | |
160 | Nikeisha Boothe | Medical Disposables & Supplies Ltd | 50,000,000 | $1,636,406 | 19.00% | |
161 | Michael Lee Chin | National Commercial Bank Jamaica Ltd. | 1,615,291,544 | $629,350,715 | 65.48% | |
162 | Patrick Hylton | National Commercial Bank Jamaica Ltd. | 18,799,058 | $7,324,499 | 0.76% | |
163 | Dennis Cohen | National Commercial Bank Jamaica Ltd. | 86,480 | $33,694 | 0.00% | |
164 | Jerry Hospedales | National Enterprises Limited | 8,410 | $14,192 | 0.00% | |
165 | Ross Alexander | National Enterprises Limited | 2,000 | $3,375 | 0.00% | |
166 | Terrance Clarke | National Enterprises Limited | 0 | $0 | 0.00% | |
167 | John Lum Young | One Caribbean Media Limited | 170,500 | $537,633 | 0.26% | |
168 | Rashidan Bolai | One Caribbean Media Limited | 40,000 | $126,131 | 0.06% | |
169 | Dawn Thomas | One Caribbean Media Limited | 2,000 | $6,307 | 0.00% | |
170 | Faarees Hosein | One Caribbean Media Limited | 0 | $0 | 0.00% | |
171 | Anthony Shaw | One Caribbean Media Limited | 0 | $0 | 0.00% | |
172 | Charles Graham | Palace Amusement | 1,074,444 | $1,632,639 | 74.77% | |
173 | Stephen B Facey | Pan-Jamaican Investment Trust | 433,878,694 | $94,666,901 | 40.70% | |
174 | Paul Facey | Pan-Jamaican Investment Trust | 433,878,694 | $94,666,901 | 40.70% | |
175 | Hugh Graham | Paramount Trading (Jamaica) Ltd | 123,396,684 | $2,884,673 | 80.00% | |
176 | Radcliff Knibbs | Paramount Trading (Jamaica) Ltd | 3,053,605 | $71,385 | 1.98% | |
177 | Harold Ragbir | PLIPDECO Limited | 4,046 | $2,372 | 0.01% | |
178 | Ernest Ashley Taylor | PLIPDECO Limited | 4,000 | $2,345 | 0.01% | |
179 | Ian R. H. Atherly | PLIPDECO Limited | 0 | $0 | 0.00% | |
180 | Haroon Fyzool Awardy | PLIPDECO Limited | 0 | $0 | 0.00% | |
181 | Christian E. Mouttet | Prestige Holdings Limited | 42,685,422 | $74,401,376 | 68.28% | |
182 | Angela Sobrian | Prestige Holdings Limited | 136,512 | $237,943 | 0.22% | |
183 | Charles R. Pashley | Prestige Holdings Limited | 110,000 | $191,732 | 0.18% | |
184 | Anthony Martins | Prestige Holdings Limited | 79,996 | $139,434 | 0.13% | |
185 | Peter Bunting | Proven Investments Limited | 30,087,130 | $4,337,348 | 5.45% | |
186 | Winston Hepburn | Proven Investments Limited | 10,200,000 | $1,470,428 | 1.85% | |
187 | Garfield H Sinclair | Proven Investments Limited | 5,505,218 | $793,630 | 1.00% | |
188 | Kingsley Cooper | Pulse Invesments Ltd. | 198,344,919 | $4,636,755 | 72.98% | |
189 | Romae Gordon | Pulse Invesments Ltd. | 1,635,279 | $38,228 | 0.60% | |
190 | Safia Cooper | Pulse Invesments Ltd. | 1,079,422 | $25,234 | 0.40% | |
191 | J. A. Lester Spaulding | Radio Jamaica | 26,607,207 | $269,535 | 7.44% | |
192 | Christopher Barnes | Radio Jamaica | 4,307,000 | $43,630 | 1.20% | |
193 | Gary Allen | Radio Jamaica | 361,228 | $3,659 | 0.10% | |
194 | Parasram Heerah | Readymix (West Indies) Limited | 5,645 | $9,830 | 0.05% | |
195 | Malcolm Sooknanan | Readymix (West Indies) Limited | 0 | $0 | 0.00% | |
196 | Nigel Edwards | Readymix (West Indies) Limited | 0 | $0 | 0.00% | |
197 | Andres Peña | Readymix (West Indies) Limited | 0 | $0 | 0.00% | |
198 | Nigel M. Baptiste | Republic Financial Holdings Limited | 17,070 | $293,313 | 0.01% | |
199 | Parasram Salickram | Republic Financial Holdings Limited | 10,183 | $174,974 | 0.01% | |
200 | Anthony C. Subero | Republic Financial Holdings Limited | 9,294 | $159,699 | 0.01% | |
201 | Ronald F. deC. Harford | Republic Financial Holdings Limited | 4,574 | $78,595 | 0.00% | |
202 | Dodrige Miller | Sagicor Financial Corporation | 1,707,967 | $1,716,507 | 0.56% | |
203 | Richard Kellman | Sagicor Financial Corporation | 421,576 | $423,684 | 0.14% | |
204 | Stephen McNamara | Sagicor Financial Corporation | 23,993 | $24,113 | 0.01% | |
205 | Richard Byles | Sagicor Group Jamaica Limited | 25,617,515 | $5,789,043 | 0.66% | |
206 | Donovan Perkins | Sagicor Group Jamaica Limited | 12,207,687 | $2,758,692 | 0.31% | |
207 | Ivan Carter | Sagicor Group Jamaica Limited | 9,076,673 | $2,051,146 | 0.23% | |
208 | Rohan Miller | Sagicor Group Jamaica Limited | 2,595,465 | $586,523 | 0.07% | |
209 | Philip Armstrong | Sagicor Group Jamaica Limited | 2,547,982 | $575,793 | 0.07% | |
210 | Mark Chisholm | Sagicor Group Jamaica Limited | 2,391,853 | $540,511 | 0.06% | |
211 | Richard Byles | Sagicor Real Estate X Fund | 5,389,505 | $495,987 | 0.24% | |
212 | Rohan Miller | Sagicor Real Estate X Fund | 500,000 | $46,014 | 0.02% | |
213 | Donovan Lewis | Salada Foods Jamaica | 81,447,767 | $5,394,732 | 78.40% | |
214 | Patsy Latchman-Atterbury | Scotia Group Jamaica | 191,576 | $54,862 | 0.01% | |
215 | Jacqueline Sharp | Scotia Group Jamaica | 190,010 | $54,413 | 0.01% | |
216 | Horace (Craig) Mair | Scotia Group Jamaica | 24,741 | $7,085 | 0.00% | |
217 | Lissant Mitchell | Scotia Investments Jamaica | 2,000 | $521 | 0.00% | |
218 | Reshard Mohammed | Scotiabank Trinidad & Tobago Limited | 2,076 | $19,356 | 0.00% | |
219 | Anya M. Schnoor | Scotiabank Trinidad & Tobago Limited | 500 | $4,662 | 0.00% | |
220 | Tricia De La Rosa-Camacho | Scotiabank Trinidad & Tobago Limited | 0 | $0 | 0.00% | |
221 | Brendan King | Scotiabank Trinidad & Tobago Limited | 0 | $0 | 0.00% | |
222 | Richard Pandohie | Seprod Limited | 200,000 | $45,975 | 0.04% | |
223 | Charles Ross | Sterling Investments Limited | 1,892,790 | $231,566 | 3.39% | |
224 | Ian Kent Levy | Supreme Ventures | 324,541,171 | $13,403,477 | 12.31% | |
225 | Paul Hoo | Supreme Ventures | 170,000,000 | $7,020,962 | 6.45% | |
226 | James Morrison | Supreme Ventures | 345,165 | $14,255 | 0.01% | |
227 | Henry Graham | Sweet Rier Abattoir & Supplis Company | 15,035,009 | $452,234 | 18.44% | |
228 | Valdence Gifford | Sweet Rier Abattoir & Supplis Company | 4,995,058 | $150,245 | 6.13% | |
229 | Ranjit R Jeewan | The West Indian Tobacco Company Ltd | 28,000 | $563,203 | 0.03% | |
230 | Jean-Pierre S du Coudray | The West Indian Tobacco Company Ltd | 14,219 | $286,007 | 0.02% | |
231 | Solmer Thom | The West Indian Tobacco Company Ltd | 50 | $1,006 | 0.00% | |
232 | Anthony E Phillip | The West Indian Tobacco Company Ltd | 0 | $0 | 0.00% | |
233 | Anand Ragbir | Trinidad and Tobago NGL Limited | 28,238 | $93,964 | 0.02% | |
234 | Gerry C. Brooks | Trinidad and Tobago NGL Limited | 10,694 | $35,585 | 0.01% | |
235 | Andrew Jupiter | Trinidad and Tobago NGL Limited | 9,078 | $30,208 | 0.01% | |
236 | Sheldon K. Sylvester | Trinidad and Tobago NGL Limited | 0 | $0 | 0.00% | |
237 | Wilfred Espinet | Trinidad Cement Limited | 10,285,195 | $7,170,904 | 2.75% | |
238 | Parasram Heerah | Trinidad Cement Limited | 1,735,277 | $1,209,846 | 0.46% | |
239 | Jinda Maharaj | Trinidad Cement Limited | 1,071,532 | $747,079 | 0.29% | |
240 | José Luis Seijo González | Trinidad Cement Limited | 0 | $0 | 0.00% | |
241 | Edward Charles Alexander | tTech Limited | 41,284,834 | $1,705,054 | 38.95% | |
242 | Norman Abraham Chen | tTech Limited | 15,391,566 | $635,668 | 14.52% | |
243 | Christopher Reckord | tTech Limited | 15,263,795 | $630,391 | 14.40% | |
244 | Hugh O’Brian Allen | tTech Limited | 8,806,028 | $363,687 | 8.31% | |
245 | Marcelle Smart | tTech Limited | 2,370,399 | $97,897 | 2.24% | |
246 | Roxane E. de Freitas | Unilever Caribbean Limited | 1,000 | $9,482 | 0.00% | |
247 | Pablo Garrido | Unilever Caribbean Limited | 0 | $0 | 0.00% | |
248 | Lucy Walsh | Unilever Caribbean Limited | 0 | $0 | 0.00% | |
249 | Mark Beepath | Unilever Caribbean Limited | 0 | $0 | 0.00% | |
250 | Christopher D. Bynoe | West India Biscuit Company Limited | 0 | $0 | 0.00% | |
251 | Adrian Padmore | West India Biscuit Company Limited | 0 | $0 | 0.00% |
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#9 Anya M. Schnoor, Executive Vice-President, Caribbean, Central America and Uruguay (CCAU), International Banking Scotiabank
Businessuite Markets
Jamaican Teas Exiting Real Estate Activities As Nonrecurrent Loss On Sale Of Bell Road Factory Impacts Latest Results
Published
4 days agoon
April 28, 2024John Mahfood Chief Executive Officer and Director Jamaican Teas Limited has released the following report for the Second Quarter Results to March 2024
Jamaican Teas Limited is pleased to report growth of $218m in its adjusted profits before tax for the half year to 31 March 2024 from $13.4m a year ago to $231 million this year before deducting a nonrecurrent loss of $92.49 million from the sale of its Bell Road factory in March 2024.
Manufacturing Division | Manufacturing revenues increased 11 percent in the quarter and 8 percent for the half year driven principally by a strong performance in the domestic market where revenues grew by 8 percent in the quarter and 18 percent for the half year. This performance was strongly influenced by the appointment of Wisynco as our new distributer for Jamaica on November 1, 2023. Export sales grew by 5 percent in the quarter and 3 percent for the half year.
Real Estate Division | No real estate sales were booked in the year ago quarter or half year as construction work on our new studios at Belvedere Road, in Kingston was still underway up to March 2023. Construction of this complex finished in Sept 2023 and sales of 7 units have been completed in the year to date.
Retail Division | For this quarter, retail revenues increased 11 per cent. This reflects a continuation of the accelerated revenue growth we have seen in our store in recent months. Our retailing profits increased by approximately 8 percent for the half year.
Investment Division | During this quarter, there was a reversal of the declines in the prices of stocks listed on the Jamaica Stock Exchange. The prices of stocks listed on USA Stock Exchanges continued to increase in the quarter. This resulted in significant unrealised gains in our overseas investments without a repeat of the offsetting investment losses on the local portfolio experienced in the year ago period.
Following from this, QWI Investments Limited (QWI) reported a pre-tax profit of $74 million for the quarter, a $102m reversal from their year ago loss of $28m. This builds on the positive trend seen in the first quarter, and resulted in a $238 million increase in the group’s total investment income for the half year.
REVENUES
JTL’s total revenues for the quarter increased by $134 million or 20 per cent overall from $666 million a year ago to $800 million this quarter. $86m of this increase reflected the absence of real estate revenues in the year ago period, as noted above. The half year revenues reflected a similar trend.
The increases shown in Investment Income mainly reflect the realized and unrealized overseas investment gains of QWI, partially offset by slightly lower dividend income and increased foreign exchange losses compared with the year ago period.
EXPENSES
Cost of sales moved from 78 percent of revenues a year ago to 80 percent this quarter. This apparently adverse trend is a reflection of low margin real estate sales this year versus no real estate sales a year ago. Adjusting for this year’s real estate sales, the gross profits of the manufacturing and retail divisions actually improved from 22.0 per cent to 22.5 percent in the quarter. The year to date gross profits showed a similar improvement.
A loss before deferred tax of $92.49 million was recorded on the sale of the Bell Road factory in March 2024. This is a non-recurrent expense and compares with the net revaluation surplus of $257.25 million recorded in prior financial years on the revaluation of this building between its acquisition and it’s disposal in March 2024. This surplus was forms part of the revaluation reserves in the company’s equity capital.
During the quarter, overhead costs increased slightly. For the year to date, the increase in overhead costs largely reflected increased costs for insurance and professional fees. The increase in interest expense during the quarter resulted from higher interest rates as well as increased short term borrowings by Jamaican Teas.
NET PROFIT
Net profit attributable to Jamaican Teas for the quarter after adjusting for the loss on the sale of the Bell Road factory was $73 million, a sharp increase from the $59 million profit in the same quarter of the previous year. Adjusted net earnings per share was 3.39 cents (2022/23 – earnings of 2.7 cents). The unadjusted net loss attributable to Jamaican Teas for the quarter was $18.99 million or 0.9 cents per share.
For the year to date, net profit attributable to Jamaican Teas after adjusting for the loss on the sale of the Bell Road factory was $114 million, a sharp increase from the $86 million profit in the previous year.
Adjusted earnings per share was 5.3 cents (2022/23 – earnings of 4.0 cents). The unadjusted Net profit attributable to Jamaican Teas for the year to date was $21.67 million or 0.9 cents per share.
FINANCIAL POSITION
The net decrease in fixed assets of $162 million since September 2023 is due mainly to the sale of the Bell Road factory building in March 2024 offset, in part, by the purchase of, and capital improvements and machinery purchases at, the Temple Hall factory.
The company moved its spice and dry pack production from leased premises at Montgomery Avenue to our Temple Hall factory in Feb 2024 and the tea division will be relocated during the third quarter of this financial year reuniting all the manufacturing activities into one facility.
The reduction in Investment properties since September 2023 reflects the sale of one of our buildings at Harbour Street, Kingston during the period. Efforts are continuing to sell the two remaining buildings at Harbour Street along with two other investment properties.
Housing inventories fell by $173 million due to the sale of the first seven units at Belvedere, while other inventories and receivables increased during the half year reflecting the increased scale of operations in our manufacturing activities.
OUTLOOK
In the half year to March 31 2024, the group has:
-purchased a new factory at Temple Hall and sold its Bell Road facility (subject to a short term lease back)
-transferred its manufacturing activities from Jamaican Teas Limited to Caribbean Dreams Foods Ltd, its wholly owned subsidiary
-installed two new co-General Managers at its manufacturing Division
-acquired new spice packing machinery that will facilitate a tripling of Saizon production adding up to $80 million in annual gross profit
-begun the process of exiting its real estate activities
In the next 6 months the group will complete its transfer from Bell Road to Temple Hall and continue the divestment of its real estate holdings. This is expected to make the group more cost efficient, better focused and more profitable. While many of the geopolitical developments taking place around the world are discouraging, the group is optimistic about its future.
For More Information CLICK HERE
Businessuite Markets
Supreme Ventures Group Reporting EPS of 33.51 cents for Q1 ending March 2024.
Published
4 days agoon
April 28, 2024Gary Peart Executive Chairman Supreme Ventures Limited (SVL) Has Released The Following Interim Report To Stockholders For The Three Months Ended March 31, 2024
The Group recognized Gross revenues of $13.08 billion representing an increase of $218.46 million or 2% over Q1 2023. This was driven by Gross ticket sales of $28.69 billion (Q1 2023: 29.01 billion) and a payout ratio of 69.90% (Q1 2023: 70.91%) on our core product line being Lottery.
Direct costs amounted to $10.12 billion which was relatively in line with the prior year comparative period. Total costs include contributions to Government agencies and related bodies of over $2.71 billion. Supreme Ventures Limited continues to be one of the largest contributors to the Government coffers at multiple times our profitability.
The earnings per share is 33.51 cents for the first quarter ending March 31, 2024. The Group has proposed interim dividends to external shareholders of 30.16 cents for the three months ending March 31, 2024.
Total assets increased by $1.28 billion to $22.15 billion.
For the first quarter 2024, the operating segments recorded results of $1.32 billion, an increase of $360 million or 38% in relation to Q1 2023.
The Group experienced double digit growth in net segment results across all operating segments. Our lottery segment, sports betting segment and pin codes segment improved by 13.86%, 22.48% and 17.96% respectively.
Our customers continue to achieve record winnings as we focus on increasing customer engagement across the base. Our continued investment in new games and promotions will result in long-term customer loyalty and positive results in the medium to long term.
The Group generated positive cash flows from operations of $369.53 million to close on March 31st, 2024, with a cash and cash equivalents balance of $2.83 billion (Q1 2023: 3.26 billion).
The Group met all requirements and covenants under the terms of agreement with bondholders and other credit facilities during the quarter.
We continue to put back over 93.00% of our earnings into the Jamaican economy via prizes, fees, taxes, and operational payments.
Today, we can proudly say that since 2004 we have contributed more than $27.5 billion to
the government for good causes.
Innovation remains a key strategic focus for SVL. We introduced the exciting new jackpot feature to the popular Money Time game, giving customers a chance to win a minimum of $100,000 every four minutes. The Money Time Jackpot promotion was officially launched on March 3 with a vibrant campaign starring top dancehall producer Rvssian and new singing sensation Nigy Boy.
Innovation extended to the fast-growing sports betting segment. Our flagship sports betting brand JustBet unveiled a fresh new look, reflecting the company’s commitment to providing customers with an enhanced betting experience. The brand refresh was followed up with the launch of the customer promotion in partnership with Sportsmax offering football fans an opportunity to watch the 2024 UEFA Champions League Finals live at London’s iconic Wembley Stadium.
The Group, through its subsidiary Fintech entered the Remittance and Bill payment space, forging a strategic partnership with Ria Money Transfer to roll out Evolve Money Transfer in February 2024 at various Supreme Ventures Locations.
Our micro-finance subsidiary, Mckayla, has also continued its upward growth trajectory, by increasing its loan book by 19% since December 2023, through the development of ground-breaking loan solutions and targeting the underserved population.
For more information CLICK HERE
Businessuite Markets
QWI Investments Performance Characterized By Strong Performance In Overseas Portfolios
Published
4 days agoon
April 28, 2024John Jackson Chairman of QWI Investments (QWI) has released the following report for the fiscal year ending September 2023
QWI Investments (QWI) continued the fiscal year ending September 2023 with a favourable second quarter profit before tax of $74.4 million versus a loss before tax of $27.8 million.
The quarter represented a continuation of the Company’s performance in the year ended September 2023, which was characterized by a strong performance in our overseas portfolios, partly offset by a weaker performance in the local stock market. Our overseas portfolio grew 27 percent in the quarter –better than the 22.5 percent growth in the S&P 500 and the 23.9 percent growth in the NASDAQ Composite index in the same period.
Market Backdrop
Market conditions in Jamaica, during the quarter, improved slightly, resulting in unrealised gains in the local portfolio.
The USA markets showed a strong increase in share prices as investors priced for continued
declines in interest rates in 2024.
QWI’s Jamaican investments, which represent 67 percent of the Company’s portfolio, produced $6.5 million of unrealised gains and realised losses of $6.2 million in the quarter — the latter as we rotated some of the stocks in the portfolio and reduced the Company’s bank overdraft.
In contrast, our overseas portfolio produced almost $156 million of unrealised gains.
The Net Asset Value (NAV) of the Company’s shares increased 3.2 percent from $1.25 in December 2023 to $1.29 at the end of March 2024.
This relative outperformance against the Jamaican indices reflects QWI’s exposure to the USA market, which saw significant gains in the quarter.
Unrealised exchange losses totalled $10.8 million versus $2.1 million a year ago.
Administration costs rose to almost $24.7 million compared to $24.2 million in the prior year
Statement of Financial Position
QWI ended the period with equity capital of $1.756 billion, up from $1.685 billion at end September 2023.
At the end of the period, the Company held US$4.4 million in equities listed in the USA and Trinidad and Tobago. The portfolio includes positions in several leading information technology companies, defense contractors and companies involved in housing and construction.
Investments in local and overseas stocks amounted to $2 billion with 67 percent represented by Jamaican listed stocks and the majority of the balance invested in the USA market.
Total borrowings at the end of March 2024 were little changed at $271 million.
Outlook
The Company’s Investment Committee actively monitors the investment portfolio and the markets in which we operate.
In the Jamaican market, Company earnings continue to be mixed while local interest rates, in particular the 30-day Bank of Jamaica CD, continue to rise, suggesting that sluggishness will persist in the short term.
In the USA, the outlook for significant interest rate cuts is receding, but this adverse trend has been offset by strong earnings growth for some companies and buoyancy in many economic indicators. Like the Jamaican market, this suggests that future opportunities will continue to be selective.
For more information CLICK HERE
Businessuite Markets
Prestige Holdings Enjoyed A Strong Performance For First Quarter Of Fiscal 2024.
Published
1 week agoon
April 23, 2024Christian E. Mouttet Chairman for Prestige Holdings has released the following Consolidated Unaudited Results for the Three Months Ended 29 February 2024
I am pleased to report that Prestige Holdings enjoyed a strong performance for the First Quarter of fiscal 2024. Group sales increased by 10% to $341 million from $309 million in the prior year, which resulted in a Profit Before Tax of $15.3 million compared to a profit of $11.6 million for the same period in 2023, a 32% increase. Profit After Tax, attributable to shareholders, increased by 25% from $7.8 million to $9.8 million. Cash flow from operations was $26.9 million and we ended the quarter with $100 million in cash having reduced total borrowings by $5.8 million. During the period we remodelled 2 restaurants and ended the period with 134 restaurants.
All brands posted solid performances during the quarter, with our Subway and Pizza Hut results driven by improved operations, efficiencies and strong demand for our innovative menu items and value offerings. Top line sales were impacted by the opening of five new Starbucks restaurants at Brentwood, Aranguez, O’Meara, St. Augustine and Amazonia Mall, Guyana, when compared to the First Quarter of 2023.
I am extremely pleased to report that KFC recently achieved a significant milestone of serving 150,000 Harvest Meals. The Harvest Meal Programme, which has been active for two years, is designed to provide unsold KFC food to participating NGOs in Trinidad and Tobago. This unsold food is carefully packaged and transported, following accepted global food safety protocols, and is then repurposed into delicious meals and served to the less fortunate. We are very happy to have the opportunity to positively impact the communities in which we operate by partnering with NGOs to provide meals to those in need.
As mentioned in my previous report, significant investment is planned in this financial year for new store development, including Guyana, as well as the remodelling of existing assets in Trinidad and Tobago. We expect these developments, as well as our continued brand initiatives, to continue to deliver positive results.
For More Click THIS LINK
Businessuite Markets
GraceKennedy’s Strategic Spur Tree Spices Acquisition: Positioning For Growth
Published
1 week agoon
April 23, 2024GraceKennedy Limited’s recent acquisition of an increased stake in Spur Tree Spices (Jamaica) Limited has positioned it as the second-largest shareholder in the company. With an estimated 338,410,375 shares now under its belt, based on Spur Tree’s issued share count of 1,676,959,244 ordinary shares, GraceKennedy solidifies its influence in Jamaica’s culinary landscape.
Continued Expansion through M&A
This transaction marks the latest in GraceKennedy’s series of mergers and acquisitions (M&A) activities, reflecting the company’s aggressive growth strategy. Following its acquisitions of Scotia Insurance Caribbean Limited and Unibev Limited in 2023, as well as doubling its interest in Catherine’s Peak Bottling Company Limited to 70% in February 2023, GraceKennedy demonstrates its commitment to diversification and market expansion.
Spur Tree’s Strategic Evolution
Meanwhile, Spur Tree Spices is undergoing a strategic transformation, expanding beyond spices and seasonings to become a full-fledged food brand. With plans to launch more than two dozen new products on May 1 and a brand refresh to reflect its new focus, Spur Tree is poised for a significant market repositioning.
Diversification and Innovation
In the upcoming quarter, Spur Tree Spices is set to unveil an array of innovative products, including their much-anticipated line of dried spices. This strategic move represents the company’s foray into new categories and a substantial expansion of its product offerings. By diversifying its portfolio, Spur Tree aims to capture a broader consumer base and solidify its position as a leading player in the culinary industry.
Implications of the Acquisition
GraceKennedy’s increased stake in Spur Tree Spices not only strengthens its position in the spice market but also opens doors for collaboration and synergies between the two entities. As GraceKennedy continues to expand its presence through strategic acquisitions, it can leverage Spur Tree’s innovative product line-up to bolster its offerings and tap into new market segments.
GraceKennedy Limited’s acquisition of a significant stake in Spur Tree Spices marks a strategic milestone for both companies. With GraceKennedy’s growing influence and Spur Tree’s strategic evolution, the stage is set for a dynamic partnership that promises innovation, growth, and market leadership. As they navigate the evolving landscape of Jamaica’s culinary industry, GraceKennedy and Spur Tree Spices are poised to redefine the future of food, one spice at a time.
Jamaican Teas Exiting Real Estate Activities As Nonrecurrent Loss On Sale Of Bell Road Factory Impacts Latest Results
Supreme Ventures Group Reporting EPS of 33.51 cents for Q1 ending March 2024.
QWI Investments Performance Characterized By Strong Performance In Overseas Portfolios
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