Paramount Trading (Jamaica) Ltd (PTL) recently reported their August 2022 (2023Q1) numbers on Fri Oct 14, 22 (1 month ago). Here are the highlights.
This is just a summary, but for more charts, ratios and other details visit PTL’s page here
How Do They Make Money?
The main activity of the company is importation and distribution of chemical raw materials ? and other related products. They manufacture and distribute lubricants ?️ and is a distributor of the “SIKA” line of construction ?️ products. This line includes admixtures, adhesives and sealants with applications that range from the do-it-yourself to road ?️ construction.
This Quarter (2023Q1) vs Same Quarter Last Year
Let’s look at the most recent quarter.
- ? Revenue was $595.17m vs $369.32m (61.15%)
This surpasses by 28 percent the previous highest quarter (Q3:21/22) in the Company’s history. During the period, revenue growth strategies employed by the company resulted in improvement in our revenue, in three (3) of the five (5) segments in both the Manufacturing and Distribution divisions. The non-growth segments, lubricant and technical grade were impacted by supply chain management challenges, which are being resolved in the second quarter.
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