Daily Brief: Elite Diagnostic Ltd – Aiming to raise J$141.4m @ $2 per share – Jan 16, 2018

Hello, MoneyMax101 readers! Here’s your news update.

• Elite Diagnostic Ltd – Aiming to raise J$141.4m @ $2 per share

  Jamaica Stock Exchange / Jamaica – Mon Jan 15, 2018

  The Company commenced operations in August, 2013 at its Holborn Road location with the objective of providing diagnostic imaging services to patients in Jamaica. Elite is controlled by a group of private partners through a vehicle called Excel Investments Inc. Elite was launched with equity participation from NCB Capital Markets Limited, Sagicor Investments Jamaica Limited and Barnett Limited. For the financial year ended June 30, 2017 its gross revenues had increased to J$263,096,181 and net profits had moved to J$44,205,417 (J$28,827,629 in 2016)

• Citibank looking for new T&T boss

  Trinidadexpress.com / Caribbean – Mon Jan 15, 2018

  Citigroup Inc. (Citi) is looking for a new boss for its operations in Trinidad and Tobago, The Bahamas and Barbados. On its website on Saturday morning, Citi advertised the career opportunity for a Trinidad Hub Citi Country Officer (CCO). Citi confirmed yesterday via e-mail that CCO Catalina Herrera, who was appointed in 2013, will be leaving Trinidad and Tobago in March.

• Margaritaville Turks Ltd Q2 2018 Results Take A Hit From Hurricanes

  Jamaica Stock Exchange / Jamaica – Mon Jan 15, 2018

  Revenue for the quarter of US$390,044 reflects one month only – November as the hurricanes wiped out September and October and shut down operations for those two months. The company had sales of US$1.2m in the same quarter last year.

• December’s Inflation of 0.6% Pushes Calendar Year 2017 to 5.2%

  Statin Jamaica / Jamaica – Mon Jan 15, 2018

  The All Jamaica ‘All Divisions’ Consumer Price Index for December 2017 recorded an increase of 0.6 percent in its index, bringing the 2017 calendar year inflation rate to 5.2 per cent according to the December 2017 Consumer Price Index Bulletin released by the Statistical Institute of Jamaica (STATIN). At the end of the calendar year 2017, the fiscal year- to–date movement was 4.2 per cent.