Latest News

PCFS appoints AVP Published: 08 February 2011

Pan Caribbean Financial Services Limited has advised that Mrs. Nichole Case has been appointed to the post of Assistant Vice President, Information Technology, effective January 1, 2011.

Lasco affiliated companies release earnings Published: 07 February 2011

The Lasco affiliated companies released their results for the nine month period ending December 31, 2010. The performances were mixed. Lasco Manufacturing reported the best performance with net profit jumping 83.8% to 291.2Mn compared to $158.4Mn over the same nine month period last year. Lasco Distributors was another star performer with net profit spiking 76% to $157.5Mn. However, Lasco Financial Services saw net profit fall 28.1% over the nine month period to $28Mn, despite reporting a 41% increase in profit during the quarter.

BIL reports first quarter earnings Published: 07 February 2011

Barita Investments Limited (BIL) reported an improved first quarter performance.The company recorded profit of $32.2Mn (EPS: $0.07) compared to a net loss of $13Mn (EPS: -$0.03) in the same quarter last year.

The reduction in market interest rates has allowed for a reduction in Barita’s interest cost and a 100% increase in net interest income to $107.8Mn. Growth in net profit was also supported by $11.6Mn in trading gains.

The company has also managed to show cost containment by cutting operating expenses 5.3% to $84.9Mn. Going forward, with little scope for further rate cuts, it may prove challenging to continue growing net interest income, which accounts for 84% of total revenues. Therefore, gains from trading activities and fee income will need to remain buoyant to bolster earnings growth.

SDBG AGM Published: 04 February 2011

The Annual General Meeting of Scotia DBG Investments Limited will be held on Wednesday, March 2, 2011 at 2:00 p.m. at the Jamaica Pegasus Hotel, 81 Knutsford Boulevard, Kingston 5.

SLJ executes joint venture Published: 03 February 2011

Sagicor Life Jamaica Limited (SLJ) and Capital and Advice Limited, S.A., an investment services ompany incorporated in Costa Rica, executed a joint venture agreement on February 2, 2011 to explore the insurance businesses and insurance related services in certain countries in the Central American Region. Under the terms of the agreement, SLJ will provide certain technical expertise, administrative services and operating systems to support the operations. Capital and Advice, with its experience in banking and other financial services as well as commercial operations, will provide marketing know how and local support to the joint venture. The agreement is subject to regulatory approval in the respective territories of operations.

Berger declares dividends to shareholders Published: 26 January 2011

With reference to the dividend declaration of ten cents per share to be paid on March 4, 2011, Berger Paints Jamaica Limited has advised of an amendment to the record date from February 2, 2011 to February 4, 2011. The ex-dividend date is February 2, 2011.

TCL announces debt restructuring procedure Published: 17 January 2011

In Trinidad Cements Limited`s published interim financial statements for the nine months ended September 30, 2010, shareholders and other stakeholders were advised that the Group was undertaking a debt restructuring exercise.

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NCB Director resigns Published: 30 December 2010

National Commercial Bank Jamaica Limited (NCBJ) has advised that Mr. Donovan Lewis has resigned as director of NCBJ, NCB (Cayman) Limited, NCB Capital Markets (Cayman) Limited and NCB Remittance Services (Cayman) Limited, effective January 1, 2011.

Lascelles deMercado declares dividends to shareholders Published: 22 December 2010

The Board of Directors of Lascelles, deMercado & Company Limited has declared an interim dividend of $5.50 per share and a special interim dividend of $5.50 per share, both payable on January 13, 2011 to ordinary stockholders on record as at January 3, 2011. The ex-dividend date is December 30, 2010.

JBG annouces IIC loan agreement Published: 16 December 2010

Jamaica Broilers Group Ltd has advised that it considers immaterial (for purposes of disclosure, in accordance with the rules of the Jamaica Stock Exchange,) the borrowings from the IIC of US$2M approved by the IIC in August 2010 and disbursed to the Company in September 2010. The loan made by IIC to the Company is a working Capital loan facility and was obtained in the normal course of business. The latest loan of US$2M from the IIC takes the Company`s borrowings from the IIC back to the approximate US$7M level of the original loan approved in June 2009.