Earnings

Quarterly / Annual results and analysis

Honey Bun Sees Slight Growth In Sales. Profit Slides For Q1 2017

Earnings

UWI Construction Company (138SL), Reports Jump in Q1 Dec 2016 Profits vs Last Year

Earnings

Lasco Financial Reports 24.5% Jump In Q3 Dec 2016 Results

Earnings

Salada’s Q1 Profit Down 20% vs Last Quarter. Up 28% vs Q1 Last Year

Earnings

First Quarter Profits Jump At Jamaica Broilers. Increased Sales, Growth in Jamaican Operations.

Jamaica Broilers Group

Earnings

National Commercial Bank Nets J$8.6b For The 9 Months Ending June 2015. Declares J$0.45 Dividend

National Commercial Bank

Earnings

Knutsford Express Reports Q4 Profit, However Expenses Continue To Climb

Earnings

Digicel Suffers Falling Revenue In Main Markets. Blames Sliding Dollar

Heavyweight Caribbean telecommunications company Digicel has reported a slip in its performance for the three months ended September 2013. The Irish Times reports, that according to their recent financials;

Total group revenues at Digicel, the mobile phone company owned by businessman Denis O’Brien, fell by US$7 million to US$691 million in the three months to the end of September, according to financial statements sent to the company’s bondholders. Continue Reading

Earnings

K.L.E. Group Pushing Famous Nightclub As Main Corporate Area Dancehall Hub. Blames Economy For Losses

Kingston Live Entertainment Group

Earnings

JMMB Still Solid. Overseas Performance Boosts Profit

JAMAICA Money Market Group’s (JMMB’s) operations in the Dominican Republic saw its operating profit increase more than tenfold. Gains on securities trading was the main reason behind an increase in earnings from $33.6 million during the three months to June 30, 2012, to $390 million in the corresponding quarter this year (June 2013). Continue Reading

Earnings, News Ticker

Fire Not Strong Enough To Burn Royal Caribbean International. Reports Q2 Profit

It has been said that failures and the work of the opposition maketh a man, or an organization in the case of Royal Caribbean International.

The world’s second-largest cruise company in the past few months had the unfortunate task of extinguishing fires aboard two of its ships, sending its name to the rumour mill and creating quite a negative buzz among its target market. However, the company still managed to report profits for the quarter ending June 30 exceeding that which it reported for the same quarter last year. Continue Reading

Earnings, News Ticker

Wooa! Half a Billion J$ Loss From Sagicor Investments For Q1 2013

Sagicor Bank - 2012 Annual Report

Earnings

Usain Bolt Does It Well For Puma

Dr. Usain St. Leo Bolt has undoubtedly delivered as the King of Sprints, and for that the entire Puma organization is proud. Through his astute and enormous victories, Dr. Bolt and his fellow Jamaican team-mates have actively influenced the increased sales of the company’s merchandise. However, it was not enough to increase profit margins. Oh Oh! Continue Reading

Earnings

JPS Squeals Over Loss In Profit and Revenue

The fattest piggy in the pen is now losing pounds. The farmer is searching for a cause and what seems to be the reason is quite plausible, but nobody really cares (or do they?). This piggy that we are making reference to is none other than the Jamaica Public Service, the a provider of electric power in Jamaica. They recently released news that their revenue and profit figures for the previous accounting period(2012) would be less than what it was in the former period (2011). Too much stress on the poor piggy’s heart? Continue Reading

Business Insight, Earnings Tagged

JMMB Ah Gwaan Good. Profit jumps 49%

Jamaica Money Market Brokers

JMMB has definitely been hitting the right notes of late. Plus, with the integration of the Capital and Credit Financial Group (CCFG) complete, they are now reporting significant growth in profits. Continue Reading

Earnings

How Much Money Does “Bob Marley” Make Each Year?

Are you ready for this? According to the Algemeiner “over $1 billion in revenue per year” is  “generated from the Bob Marley name.” That is 1 thousand million United States dollars or as much as $85-90 billion Jamaican depending on the daily exchange rate.

If you’re not too impressed with the figure as yet, just consider that Jamaica’s national budget for 2012 is going to be just over $500 billion when it is finally settled. Continue Reading

Earnings

Sorry Harry. JK Rowling’s Magic Money Gone?

Harry Potter books being delivered to Barnes and Nobles back in 2007

Everyone, everywhere knows about Harry Potter – in fact, they say that “every 30 seconds, someone begins reading Harry Potter.” It is that fame, fueled through endless book sales, merchandising and movies that made J.K. Rowling the first female billionaire novelist – up until last week.

Just last week it was revealed that Rowling no longer holds the title and has consequently been dropped from the Forbes list of the World’s Billionaires.  Continue Reading

Earnings Tagged

Jamaica’s Remittance Companies Doing Very Well

More money was “sent home” to Jamaica through remittance services in 2011 than any other year thus far.

It is reported that, “Remittances rose to a new high of US$2.025 billion of inflows last year. The last time Jamaica hit that mark was in 2008 when inflows were recorded at US$2.021 billion.” In other words, things are looking good for the remittance companies. Continue Reading

Earnings

Capital and Credit Nah Ramp!

JMMB must be biting all its nails off in anticipation as it awaits approval for its bid to acquire the Capital and Credit Financial Group (CCFG) (who this story is really about).

CCFG has reported a net profit increase of 27 per cent, some J$364 million for the year ended December 2011 and it was no fluke.  Continue Reading

Earnings

Is GraceKennedy the Vybz Kartel of Jamaican Businesses?

If making money as a Jamaican business was like making songs as a Dancehall artiste then without a doubt, GraceKennedy would be the “world boss”.  GK may not like the comparison but seriously, we are desperate to find reasonable ways to describe their unrelenting, chart topping success. Everyday they make a hit.

GK made a record J$58 billion in revenue at the end of last year. At J$3 billion or J$8.33 per share, net profits were 25 per cent higher than the J$2.4 billion made in 2010. Go ahead Gk. Just say it to Lasco and the rest. “Why Pree?” Continue Reading

Earnings