Caribbean

Barita posts a marginal increase in net profits in recent review

Barita’s net profit for the 12 months ended September 30, 2022, stands at $4.1 billion which is a slight increase over the $4 billion generated last year. They also reported a nine percent increase in operating revenue last year...

Seprod’s net profit surge against the backdrop of strategic acquisition

Seprod Group's net profit increased by 113 percent to J$1.05 billion. Revenues for the quarter increased by 109 percent to J$23.64 billion. The year-to-date performance sees net profit for the nine-month period at J$2.63 billion which is a 55 percent...

Sygnus reports strong numbers with another successful quarter

Sygnus Credit Investment (SCI) had another successful quarter beating analysts' estimates. Net profit attributable to shareholders increased by 8 percent from US$1.51 million last year 2021 to US$1.63 million in 2022 during the same period. Total investment income grew by 24.7...

FESCO net profit surges as it looks to expand operations

FESCO has experienced yet another successful quarter in which the service station chain has shown very promising results. Net profit for the period ending September surged by 125.98 percent from J$72.08 million to J$129.29 million. Total net profit thus far...

NCBFG subsidiary TFOB gets green light to target the remittance market

NCB subsidiary gets license approval to target the remittance market. This subsidiary TFOB (2021) Limited (The Future of Business), is solely focused on new technologies and is basically responsible for pushing NCB into the future of fintech. One of the...

CPJ saw a 32 percent jump in revenue

Caribbean Producers Jamaica (CPJ) has seen a 32 percent jump in revenue which comes in at US$33.06 million contrasted with US$25.02 million for a similar period last year. Simultaneously, the cost of working income rose by 35% to US$22.83 million...

GraceKennedy revenue up 12.2%

GraceKennedy Limited (GK) over the last three quarters has earned $107.4 billion in accumulated revenue, this is 12.2 percent higher than last year over the same period. Despite the increase in revenue, profit numbers were average across the business. Overall...

Wisynco had a record-breaking quarter for revenue

Wisynco, a major distribution company in the Jamaica and Caribbean region recorded its most successful quarter yet in terms of revenue numbers. For the quarter ending September 30, 2022, revenues came in at $11.9 billion, this is a 29.8 percent...

MFS Capital Partners sees a positive quarter under new management

MFS Capital Partners Limited (MFS), formerly known as SSL Venture Capital Limited, has achieved a profitable quarter from a series of prior consecutive losses when it was battling to stay afloat due to consecutive quarters of losses. MFS Capital...

Lasco Financial Services saw a 17% jump in half year profits

Lasco Financial Services (LASF) has managed to eke out a 17% rise in profit during the half-year period for the company. The company recorded a net profit of $156.8 million which is $23.2 million more than what it had earned...
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Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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