Impressive profits for listed companies

Freshly released quarterly results reveal positive gains for companies reporting 2021 final quarter numbers recently with most showing improvement over 2020 results, with some being impressive.

Caribbean Producers traded 52 weeks’ high during the week following a near US$2 quarterly profit.

Leading the group was Caribbean Producers with revenues more than doubling to US$33 million up from US$15 in the December 2020 quarter and revenues moving from US$24.4 million to $58 million. Profit jumped to $3.6 million from a loss of $837,492 million in 2020 and rose to $5.2 million for the six months from a loss of $2.7 million in 2020. Earnings per share ended for the quarter at 0.33 US cents and 0.48 US cents for the six months.
Future Energy Source delivered a 250.9 percent surge in profit to $73.6 million from $21 million with the nine delivering an increase of 140.8 percent to $171 million from $71 million in 2020 as revenues rose 139 percent in the December quart to $3.675 billion from $1.535 billion and 84 percent to $8 billion from $4.347 billion in 2020. Revenues were fueled by an increase in the number of service stations from 14 to 16 and a sharp increase in the price of petroleum.
Lasco Distributors revenues grew 12 percent from $5.17 billion to $5.79 billion in the December quarter and 14 percent from $15 billion to $17.4 billion for the nine months percent in 2020.
Profit after tax rose 6 percent, to $775 million from $731 million for the nine months to December, for the quarter to December profit after tax rose 18 percent in the quarter to $286 million from $243 million in 2020.
Earnings per share ended for the quarter at 8 cents and 22 cents for the nine months.

Lasco Financial profit dropped 39% in 2018 Q2.

Revenues at Lasco Financial got a big 30 percent bounce from $532 million to $693 million in the December quarter and 9 percent from $1.69 billion in 2020 to $1.84 billion for the nine months to December 2021.
Profit after tax rose just 6 percent to $130 million from $124 million for the December quarter, but pretax profit rose a strong 35 percent in the quarter to $203 million from $150 million in 2020 and jumped a sharp 60 percent for the nine months to December, to $398 million from $249 million, while profit after tax surged 71 percent to $264 million for the nine months from $154 million in 2020.
Earnings per share ended for the quarter at 10 cents and 21 cents for the nine months.
Revenue for the year ending October 2021 jumped 34.7 percent at Limners and Bards to $1.2 billion, up from $912 million for the prior year. The increase was mainly in media placement up 35 percent to $173 million, production up 63 percent to $148 million.
Profit after rose 22 percent, to $156 million from $127 in 2020 but fell from $19 million in the 2020 final quarter to $13 million in 2021. Earnings per share climbed to 16 cents from 13 cents in 2020.
For MailPac revenues for the quarter were just 2 percent lower than in 2020 as the company generated $502 million, in 2021 from $512 million the same quarter in 2020. Gross profit for the quarter was $255 million, a 9.8 percent increase over 2020. For the year to December last year, revenues increased by 5.4 percent to $1.8 billion and gross profit came in at $893 million, 9 percent more than 2020.

Mailpac CEO Khary Robinson.

Net profit for the fourth quarter in 2021 ended at $115 million, 10 percent more than the $104 million generated for the same quarter of 2020. Full year profit came in at $400, down 9.7 percent from$443 million earned in 2020. The results delivered 5 cents per share for the December quarter and 16 cents for the full year.
Seprod Group achieved revenues of $11.76 billion, in the December quarter up 30 percent or $2.68 billion above $9 billion earned in 2020. Net profit was $455 million, 17 percent more than $389 million for the final quarter of 2020, excluding losses for discontinued operations but was up 18 percent to $373 million from $319 million in 2020 before accounting for discontinued business.
For the year to December 2021 revenues climbed 14 percent to $42.9 billion from $37.7 billion in 2020. Net profit fell to $2.16 billion from $2.87 billion in 2020. The fall resulted from a one time gain of $762 million from the sale of a property in 2020.

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