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Caribbean Market Update

Desnoes & Geddes Q1 Profit Soars; H&L Q3 Profit Jumps, Seprod Net Rises

Author: Mukesh Buch
Islandjournal.net
Last Update: 8:30 AM ET November 05 2014


Desnoes & Geddes Limited, the Jamaica-based alcohol beverage company stated net sales in the first-quarter ending in September rose 3% to J$2.77 billion from J$2.69 billion in the same period year ago.

Net profit in the quarter surged 30% from a year ago to J$476 million or 16.95 cents per share compared to J$368 million or 13.09 cents per share.

Hardware & Lumber Limited, the Jamaica-based building material maker reported revenue in the third-quarter ending in September nearly flat at J$1.72 billion from J$1.71 billion a year ago period.

Net profit in the quarter soared 19.7% from a year ago to J$44.06 million or 54 cents per share compared to J$36.82 million or 46 cents per share.

Seprod Limited, the Jamaica-based print media company reported revenue in the third-quarter ending in September jumped 11.3% to J$3.44 billion from J$3.09 billion in the same year last year.

Net profit in the quarter increased 3.3% from a year ago to J$161.2 million or 37 cents per share compared to J$156 million or 35 cents per share.


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