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Seprod Group Post 53% Jump In Revenues Driven By Acquisition Of Facey Consumer Division And Increase In Export Business.

Seprod Group has released an Interim Report to Stockholders providing an overview of the year ended 31 December 2019, which they have characterised as a year of consolidation for the Group. Group Managing Director Richard Pandohie reported that the difficult decisions taken have placed the Group in a very good position to generate sustainable value […]

HSBC Holdings To Cut 35,000 Staff And Take $7.3 Billion Charge As Bank Looks To Overhaul Business.

HSBC Holdings Plc is set to cut about 35,000 staff and take $7.3 billion of charges as the bank looks to overhaul its business. The move will downsize its European and U.S. investment banking business, while it will seek to accelerate investments in Asia. There was a warning from the lender over its business in […]

Apple No Longer Expects To Meet Revenue Guidance For March Quarter

The ever-growing list of companies announcing problems from the extended shutdown in China due to the coronavirus outbreak now includes Apple Inc. after announcing it no longer expects to meet revenue guidance for the March quarter. Shares in the iPhone maker fell more than 4% in pre-market trading, with the company’s suppliers in Asia and […]

SSL Venture Capital Looks To Private Equity Funds From Local And International Investors To Capitalise On Opportunities

SSL Venture Capital Limited (SSLVC) is looking to raise private equity funds, from both local and international investors, this as they look to capitalise on the opportunities in Fintech, foods and beverages, hospitality and sustainable investments, to maximise shareholder value. SSLVC closed the quarter ending 31 December 2019, with negative equity of JA$108M, an increase […]

JMMB Group Profit Up 33%

Kingston, Jamaica. Friday, February 14, 2020 …The regional financial entity, JMMB Group, recorded a net profit of J$4 billion, for the nine-month period ending December 31, 2019, which is a 33% increase, year-over-year.  Additionally, the Group posted net operating revenue of J$17.38 billion, which is an increase of 26%, compared to the corresponding prior period. […]

Medical Disposables And Supplies Third Quarter Results Hit By Negative Impact Of Volatile Exchange Rate.

The Directors of Medical Disposables and Supplies Limited (MDS) are reporting third-quarter unaudited financial results for the period ended December 31, 2019. The company recorded revenues of JA$603.3M, an increase of $64.6M or 12.0% when compared to the corresponding period in the previous year. General Manager Kurt Boothe noted that this improved performance was influenced […]

Elite Diagnostic Reporting Improved 2nd Quarter Revenues But Records Reduced Net Profits For The Period Ending December 31, 2019

The Directors of Elite Diagnostic Limited are reporting improved 2nd Quarter revenues JA$117.9 Million compared to $96.8 Million for the previous year. In recently published Unaudited Financial Statements for the period ending December 31, 2019, the company however recorded reduced net profits of JA$4.4 Million compared to $4.9 Million for 2018. Net profits they reported […]

Corporate Movements – February 2020

The Board of Directors for Caribbean Cream Limited has made changes to the structure and organization of the company, announcing that Mr. Christopher Clarke will now assume a new role as Chairman of the CCL Board of Directors and will also continue as the CEO, effective March 1, 2020. Mr. Clarke has been with Caribbean […]

Scotia Group Jamaica Reporting 3% Improvement In Pre-Tax Profit For Fiscal 2019

President and Chief Executive Officer for Scotia Group Jamaica Limited, David Noel, is reporting that the Group recorded for the year ended October 31, 2019, pre-tax profit of JA$18.48 billion from which there has been provided $5.29 billion for corporate income tax, leaving a balance of $13.19 billion. This represents an increase of JA$419 million […]

Wigton Windfarm Reporting Lower 9 Month Revenues Directly Related To Decrease In Production Due To A Decline In Average Wind Speed

Wigton Windfarm Limited (WWFL) is reporting in Unaudited Financial Statements for the nine-months period ended December 31, 2019, net profit of JA$525.6 million, a decline of 7.3% when compared to 2018 which recorded JA$567.0 million. For the reporting quarter, a net loss of JA$15.9 million was realized, compared with a net profit of JA$271.0 million […]