Caribbean Markets Index Value   Change +-% USD EURO GBP CAD
Bahamas BISX All Share Index1,827.47-0.02 0.00% 1.00 1.26 1.53 1.53
Barbados BSE 1000 Index656.560.00 0.00 1.98 2.13 2.82 1.37
Jamaica JSE Market Index156,273.84-4,573.60 -2.84% 120.31 112.32 172.13 80.51
Trinidad TTSE Composite1,164.821.15 0.10% 6.40 6.90 8.96 4.45


Caribbean Market Update

GENAC, JPG, Seprod Net Jump; TCL Net Tumbles, LIME Q1 Net Loss Narrows

Author: Mukesh Buch
Islandjournal.net
Last Update: 2:12 AM ET August 14 2014


General Accident Insurance Company Jamaica Limited, the Jamaica-based insurance company said gross written premiums in the second-quarter ending in June increased 6.2% to J$3.44 billion from J$3.24 billion a year earlier.

Net profit in the quarter increased 5% from a year ago to J$187.2 million or 18 cents per share compared to J$177.7 million or 17 cents per share.

Jamaica Producers Group Limited, the Jamaica-based banana distributor reported gross profit in the second-quarter ending on June 28 soared 30% to J$2.39 billion from J$1.83 billion a year earlier.

Net income in the quarter rose 4.4% from a year ago to J$80.3 million or 55.43 cents per share compared to J$76.9 million or 39.06 cents per share.

Seprod Limited, the Jamaica-based print media company reported revenue in the second-quarter ending in June surged 12.8% to J$4.06 billion from J$3.60 billion in the same year last year.

Net profit in the quarter climbed 19.2% from a year ago to J$341.9 million or 58 cents per share compared to J$286.9 million or 61 cents per share.

Trinidad Cement Limited, the Trinidad-based cement producer reported revenue in the second-quarter ending in June rose 9.4% to TT$560 million from TT$512 million in the same quarter last year.

Net profit in the quarter tumbled 66.2% from a year ago to TT$19 million or 7.6 cents per share compared to TT$56.2 million or 18.8 cents per share.

LIME formerly Cable & Wireless Jamaica Limited, the Jamaica-based internet, mobile, and entertainment provider said revenue in the first-quarter ending June jumped 10% to J$4.81 billion from J$4.35 billion a year ago.

Net loss in the year narrowed from a year ago to J$712 million or 4.2 cents a share compared to J$804 million or 4.8 cents a share.


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