Latest News

Cargo Handlers Considers Dividend Published: 02 August 2017

Cargo Handlers Limited (CHL) has advised that at a meeting of the Board of Directors scheduled for August 3, 2017, the directors will consider the payment of an interim dividend for the year 2017.

 
 

tTech Considers Dividend Published: 02 August 2017

tTech Limited (TTECH) has advised that the Board of Directors at the upcoming board meeting on August 9, 2017, will be considering the payment of an interim dividend on the Company’s issued shares.

Berger Changes Its Financial Year End Published: 02 August 2017

Berger Paints Jamaica Limited (BRG) has advised that at a meeting of the Board of Directors held July 28, 2017, a resolution was passed to change BRG’s existing accounting year end from March 31 to December 31 to coincide with that of their parent company, Ansa McCAL, as this would provide uniformity in their financial reporting.  This proposed change is to take effect as at December 31, 2017.

BRG has also requested approval from the Taxpayer Audit & Assessment Department for the change and as soon as approval is received it will be communicated.

BRG also advised that results for quarter ending September 30, 2017, will be published with required 45 days of that period end while the Audited Financial Results will be submitted within 60 days of the December year end.

Carreras Considers a Stock Split Published: 02 August 2017

Carreras Limited (CAR) has advised that the Board of Directors will meet on August 8, 2017, to consider whether to recommend to the Company’s stockholders to consider a split of the Company’s issued shares at the upcoming General Meeting scheduled for September 6, 2017.

Dolphin Cove Considers Dividend Published: 02 August 2017

Dolphin Cove Limited (DCOVE) has advised that at the Board Meeting scheduled for Monday, August 8, 2017, consideration will be given to the payment of an interim dividend.

Sterling Investments Limited (SIL) Declares Dividend Published: 27 July 2017

Sterling Investments Limited (SIL) has advised that at a meeting  of their directors held July 24, 2017, at 1:00 p.m., a resolution approving the following was passed:

  1.   Dividend payment of US$0.002459 per share
  2.    Record date of August 15, 2017

The dividend payment date is intended to be September 8, 2017.

The ex-dividend date is August 11, 2017.

GraceKennedy Ltd to acquire Consumer Brands Ltd Published: 14 July 2017

[Kingston, Jamaica July 7, 2017] GraceKennedy Limited today announced that it has agreed to acquire 100 percent ownership of Consumer Brands Limited, a large player in the Jamaican distribution market. The acquisition is expected to be finalized before the end of Q3 2017. Among the brands distributed by Consumer Brands is the Procter and Gamble (P&G) line of products which the company has distributed in Jamaica since 1992. Consumer Brands also distributes products for ten other international and local principals through chain and independent supermarkets, wholesalers, pharmacies, beauty supply outlets and convenience stores. With sales of over $2 billion annually, the company has consistently achieved significant annual revenue growth since its establishment. "This valuable portfolio of brands brings welcomed expansion to the range of products that we distribute in Jamaica. Our expertise in managing top tier brands and deep distribution channels make us a natural fit for this acquisition and we expect the products to continue to perform very well," said Don Wehby, Group CEO of GraceKennedy. Consumer Brands will become a subsidiary of the GraceKennedy Group under GraceKennedy Foods. Athol Smith, who has been Managing Director of Consumer Brands, will remain with the company as an advisor during the transition period. P&G brands are some of the most recognizable international fast moving consumer goods with household names such as Charmin, Bounty, Ariel, Downy, Tide, Always, Tampax, Pampers, Febreze, Crest and Olay among its products. “We are very excited about this acquisition and look forward to working with P&G and all other stakeholders,” Mr. Wehby said.