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Caribbean Market Update

CHL Q2 Net and Revenue Climbes; Dolphin Cove, GK Q1 Profit Surge

Author: Mukesh Buch
Islandjournal.net
Last Update: 8:25 AM ET May 16 2014


Cargo Handlers Limited, the Jamaica-based port handling services provider stated revenue in the second-quarter ending March soared 38.8% to J$46.97 million from J$33.84 million a year earlier. Net profit in the quarter climbed 37% to J$25.9 million or 62 cents per share compared to J$18.9 million or 45 cents per share in the year ago.

Dolphin Cove Ltd, the Jamaica-based hotel & tourism company reported revenue in the first-quarter ending in March surged 11% to J$436.1 million from J$393.9 million a year earlier. Net income in the quarter surged 26.1% to J$148.2 million or 38 cents per share compared to J$117.5 million or 30 cents per share in the year ago period.

GraceKennedy Limited, the Jamaica-based diversified company reported revenue in the first-quarter ending in March jumped 13.2% to J$18.2 billion from J$16.1 billion a year ago. Net income in the quarter soared 21.3% to J$941 million or J$2.51 a share compared to J$776 million or J$2.06 per share in the year ago earlier.


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