Earnings

Quarterly / Annual results and analysis

RJR Group Relied On Cost✂️ to Drive Profitability – Q3 Dec 2020 Results

We noticed RJR’s stock⬆️4.7% today, so we checked their results to see if it’s worth 🥳🎉 ◾️RJR Group relied on cost✂️ to drive profitability as income🔻◾️Print📰segment heavily hit by Covid◾️Group’s revenues shifting to Audio. Was almost 50/50 now ~42% of … Continue reading

Earnings

MASSY Q1 Dec 2020 Results

🔲Revenue⬆️1.4% to TT$3.2b🔲Profit⬆️13% to TT$188m Massy Group is an investment holding / management company with three main investment portfolios:🔲Integrated Retail🔲Gas Products &🔲Motors & Machines🔲as well as other legacy lines of business 🔲Geographically, 38% of revenue came from T&T, Barbados 22%. Jamaica … Continue reading

Earnings

Cigarette Maker Carreras Slashes Admin Costs, Sees Revenue Growth – Dec 2020 Results

🔲Revenues⬆️+10.0% to J$4b🔲Margins lower as cost of goods⬆️by 12.4%🔲Admin costs slashed🔻by 39.3% from $841m to $510m🔲Profits⬆️+46.6%👏🔲Co has $2.2b cash balance and positive operating and Free Cash Flow👌

Earnings

Sygnus’ Profits Hit By Higher Interest Expenses & Fair Value Losses – Q2 Dec 2020 Results

Sygnus Credit Investments’ profits hit by higher interest expenses & fair value losses🤷‍♂️ ◾️Mainly as a result of the timing of the use of debt, SCI’s core earnings, or net investment income was🔻 by -14.1% or US$133.3k◾️Net profit was🔻by -58.1%😣or … Continue reading

Earnings

Elite Diagnostic Dec 2020 Results

Not much to report from Elite Diagnostic ⚫️Revenues⬆️+7.2% for Q2. $126.4m vs $117.9m⚫️Net profit🔻 -29.5%😣. $3.1m vs $4.4m the previous year⚫️Profit was impacted by increases in admin (+8m) and depreciation (+$7m) expenses⚫️Co remains optimistic

Earnings

FirstRock Capital Q4 Dec 2020 Results

Net Profit Q4 $1.3m vs US$473k 12M $3.7m vs $757k Mgmt says it exceeded revenue, profit and balance sheet forecasts👌 The company’s focus is real estate and private equity Stock ⬆️+11% from October. Up 3 months straight

Earnings

Seprod Q4 Dec 2020 Results

Q4 Dec 2020 Revenue ⬆️19% J$9.41b Profit ⬆️3% J$614m (Prior year had a tax gain of $542m vs tax expense this year) Full Year Revenue $38.1b +16% Profit $3.2b +86% (incl. $762m one-off gain) 12 Month Exports +62% Manufacturing Revenue … Continue reading

Earnings

Another Terrible Quarter for Access Financial – Dec 2020

Another terrible quarter for Access Financial❌9 month profits down 65%, but improvement seen in Dec quarter vs previous 3 months (Sep)❌Mgmt. says it reflects the impact of Covid❌Not good news for QWI. PROVEN as well

Earnings

LASF Q3 (Dec) 2020 Results

Revenue⬇️14%Expenses⬇️36%Profits⬆️$124m vs $2m Company benefiting from initiatives put in place to control non-essential expenses in the earlier quarters which have caused a reduction in expenses in this quarter… seen mainly in Selling & Promotion expenses ⬇️sharply

Earnings

WISYNCO’s Q2 Dec 2020 Results

Quick Summary * Revenues ⬇️ 6%* Covid depressing tourism, bars, entertainment, restaurants, schools* With additional travel ban they expect it to continue to be down for next 2 qtrs* Higher margin product sales slowed* Low margin products up* SD&A expenses … Continue reading

Earnings

Margaritaville (Turks) Ltd Q2 (Nov 2020) Results

Quick Summary ❌No cruises🚢❌No date on resumption📅❌No revenue 💰❌No need for some of the staff anymore 😭✔️Yes, still need to pay bill (Utilities, Insurance etc)❌No profit📈

Earnings

NCBFG’s Profit After Tax Drops a Whopping 25% – Dec 2020

* Revenues flat* 9% increase in opex* Fee income down by 8% / $544m* Insurance results up 7%* Non-performing loans up 15% Q1 (Dec 2020) results

Earnings

T&T’s Republic Financial Holdings Reports Q1 Dec 2020 Results

NPAT of TT$391m, up by only 4.6%Impact of Covid, reduction in:* net interest margins* fees and commissions Offset by acquisition of BVI operations in June Mgmt says Covid will continue to place downward pressure

Earnings

T&T’s First Citizens Bank Reports Q1 Dec 2020 Results

NPAT down 21.9% to TT$173.9m. Due to* Lower interest income* Lower fx trading* Lower fees Bank still hikes dividend 18% * T&T credit remains sluggish* Uptick seen in 🚧construction & 🚚mfg

Earnings

iCreate reports Q4 loss of -$6.5m, but less than the -$21.5m for last year

⚫️For Q4 (Dec 2020) revenues jumped to $17m, almost 2 and a half times last year’s $7m (likely mainly due to Sunsplash)⚫️But Cost of Sales grew at a faster pace, eroding margins🤷‍♂️ ⚫️Admin expense🔻👌 ⚫️Interest exp⬆️more than 6x last year’s … Continue reading

Earnings

Fontana Dec 2020 Q2 Profit Up 28%

▪️Revenues ⬆️10.3% to J$1.5 billion▪️Gross profit ⬆️6.5% (margins🔻from 41.8% to 40.3%) as higher margin products sold less… & sales of lower-margin also increased▪️Operating Expenses🔻by 6.5%▪️Net profits ⬆️27.7% to $249 million

Earnings

Barita Hits Over J$1B In Profits For a Quarter Without Cutting Costs 🤯🙌

▪️Profits more than doubled😲▪️Revenues⬆️76% / $862m▪️Net interest income ⬆️76% / 159m▪️Non-Interest income ⬆️76% / $703m mainly investment and fx gains▪️Fee income🔻20%

Earnings

Tropical Battery Q1 Dec 2020 Profit Up +26.2% To $19M

Tropical Battery Q1 Dec 2020 results out ❌Company hit with inventory delays from their major battery suppliers which created shortages and slowed top line sales (global battery supply problem) ❌Revenue of $451 million or 9.5%🔻last year due to supplier shipment … Continue reading

Earnings

Mailpac Q4 Dec 2020 Profits Up 20.2% to $442.7m

Mgmt says projections in prospectus exceeded👌 ▪️Sales⬆️41.5%▪️Mgmt says they had a significant spike in 📦volume (which lead to increased costs😟charter ✈️& other freight)▪️Opex 25.9% higher. Costs to manage growth▪️Profits ⬆️20.2% to $442.7m

Earnings

KEY Insurance’s Turnaround is Happening – Q4 Dec 2020 Results

KEY Insurance’s turnaround is happening👌⚫️Co making progress to profitability⚫️Customers benefiting from new online platform to get quotes online⚫️$668m raised in rights issue will help to improve profitability⚫️Board likes progress since takeover by GK in Mar 2020 ⚫️Company reporting Profit Before … Continue reading

Earnings