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Lascelles' director announces Published: 01 April 2011

The Board of Lascelles deMercado & Co. Limited (LdM) has advised that Mr. Jason Abrahams has resigned as a Director of the company and as a Member of the Audit Committee, both effective the 31st March 2011.

SDBG announces that it has entered into an agreement with a non related party Published: 01 April 2011

Scotia DBG Investments Limited (Scotia DBG) has announced that it has entered into an Agreement effective March 31, 2011 for the sale of its shares of Asset Management Company Limited (AMCL) to a non-related party. AMCL is a wholly owned subsidiary of Scotia DBG which does consumer financing under the "Easy Own" brand.

 

MIL declares dividends Published: 01 April 2011

The Board of Directors of Mayberry Investments Limited (MIL) has declared a dividend of $0.08 per share payable on April 18, 2011 to shareholders on record as at April 13, 2011. The ex-dividend date is April 11, 2011. MIL has advised that during the period March 21 - 25, 2011, a related party to a director sold a total of 12,512 MIL shares.

 

Lascelles annouces retirement of directors Published: 31 March 2011

The Board of Directors of Lascelles, deMercado & Co. Limited (LAS) has announced the respective retirements of its Group Managing Director, the Hon. William McConnell, and its Group Finance Director, Mr. Anthony Bell, both effective June 30, 2011.The Company further announced that the successors to their positions will be announced in short order.

 

GHL declares dividends to shareholders Published: 31 March 2011

The Board of Directors of Guardian Holdings Limited (GHL) has declared a dividend of TT$0.33 per share payable on April 29, 2011 to shareholders on record as at April 12, 2011. The ex-dividend date is April 8, 2011.

JMMB declares dividends to shareholders Published: 25 March 2011

Jamaica Money Market Brokers Limited will pay dividends of $0.021875 per share and $0.024792 per share on its 8.75% and 8.50% preference shares respectively on April 7, 2011 to shareholders on record as at March 25, 2011. The ex-dividend date is March 23, 2011.

CCMB declares dividends Published: 25 March 2011

The Board of Directors of Capital & Credit Merchant Bank Limited has declared a dividend of $0.06 per variable rate preference share payable on April 13, 2011 to shareholders on record as at March 29, 2011. The ex-dividend date is March 25, 2011.

JBG has declared dividends to shareholders Published: 24 March 2011

The Board of Directors of Jamaica Broilers Group Limited has declared an interim dividend of $0.10 per share payable on April 29, 2011 to shareholder on record as at April 6, 2011. The ex-dividend date is April 4, 2011.

 

Gleaner reports improved earnings; core earnings still weak Published: 18 March 2011

Gleaner Company Limited reported net profit of $430.6Mn (EPS: $0.36), a considerable improvement over the $208Mn (EPS: $0.15) recorded in 2009. The performance during the year does not reflect that continued challenges that the company faces such as growing revenues. Revenues fell 3% during the year but were tempered by marked reduction in all expense categories. The company’s performance was driven primarily by pension income which is not core to its business. Excluding this from the financial statements would have shown net profit of $152.Mn. Going forward, we anticipate that the company will continue to face similar challenges especially given the fact that higher oil prices on the international market will make it more challenging to control costs.

PCFS ekes out marginal growth in earnings for 2010 Published: 16 March 2011

Pan Caribbean Financial Services (PCFS) recorded a marginal 3% growth in earnings during the 2010 financial year. PCFS earned profit of $1.5Bn (EPS: $2.78) compared to $1.47Bn (EPS: $2.70) in 2009. The performance was driven by a 4.8% growth in net interest income as well as a 21% increase in net fee and commission income. Operating expenses grew by just 6.7%.