Express Business Filler #1

This week, we at Bourse review the financial performance of FirstCaribbean International Bank Ltd (FCI) and Jamaica Money Market Brokers Group Ltd (JMMBGL).

FCI’s overall position remained relatively flat as revenue growth and a reversal of Credit Impairment Losses were offset by rising operating costs and a deferred tax asset write-off. JMMBGL experienced significant growth stemming from securities trading as capital markets advanced. Note: This article has been condensed from its full version, which is available at www.bourseinvestment.com

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This week, we at Bourse review the performance of two companies within the Manufacturing Sector – West Indian Tobacco Company Ltd (WCO) and Angostura Holdings Ltd (AHL) – for the nine-month( 9m) period ended September 30, 2019. Both WCO and AHL’s performances benefited from modest revenue growth, combined with measurable cost management. We discuss the performance of both companies and provide an outlook.

In many cultures, time is not regarded as something successive, but as a circular phenomenon. Although the conventional European concept of history is sequential—that time is linear, just one thing after another until you die—subconsciously we know it is not. It is circular. “What goes round, comes round,” the old people used to say from wry experience.

REPUBLIC Financial Holdings Ltd (RFHL) ended its 2019 financial year with a profit of $1.58 billion, an increase of $258.3 million or 19.5 per cent over the previous year.