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.
National Flour Mills finished at $1.87 in exchanging 400 stocks, NCB Financial Group remained at $8 after 239,394 units crossed the exchange, One Caribbean Media finished at $4.15 in exchanging 1,688 stock units. Point Lisas ended unchanged at $3.27 in trading 2,000 shares, Prestige Holdings ended at $7 after 5,395 stocks changed hands, Republic Financial Holdings advanced 64 cents to close at $143.50 with an exchange of 236 stock units. Scotiabank lost 1 cent in ending at $72 after switching ownership of 14,447 units, Trinidad & Tobago NGL popped $1.75 to close at $21 with 94,332 units crossing the market, Trinidad Cement declined 10 cents to $3.80 with 7,500 stocks changing hands. Unilever Caribbean lost 10 cents to end at $15.90 in trading 3,955 shares and West Indian Tobacco dropped 6 cents in closing at 52 weeks’ low of $26, with 111,335 stock units crossing the market.
The number of securities trading slipped to 41 compared to 43 on Tuesday and ended with 17 rising, 16 declining and eight unchanged. At the close, the Junior Market Index shed 5.30 points to close at 4,013.93.
At the close, Access Financial climbed 50 cents to $21.50, with 5,917 shares crossing the exchange, Cargo Handlers dropped 80 cents to end at $7.20 trading 202,489 units, Caribbean Assurance Brokers gained 15 cents ending at $3.24 in exchanging 462,958 stocks. Caribbean Cream shed 30 cents to close at $4.99 after exchanging 14,536 stock units, Dolphin Cove increased 29 cents in closing at $29.79, with 308,853 shares clearing the market, Express Catering rallied 50 cents to end at $6 after exchanging 56,683 stock units. Fosrich declined 10 cents to $14.30 after 144,270 units crossed the market, Future Energy Source rose 30 cents to a 52 weeks’ high of $4.79 with 2,981,292 stocks changing hands, General Accident lost 38 cents to close at $6.72 while exchanging 2,304 units. Honey Bun advanced 44 cents to $10.29 in an exchange of 150,454 shares, Indies Pharma fell 17 cents to close at $3 in switching ownership of 97,311 stock units, ISP Finance lost $5.07 ending at $28 after an exchange of 95 stocks. 
Jamaican Teas popped 25 cents to end at $4.30 in trading 392,880 units, Limners and Bards popped 45 cents to a 52 weeks’ high of $4, with 288,567 shares crossing the market, Lumber Depot rose 13 cents in closing at $3.63 with an exchange of 504,499 stock units. Main Event climbed 45 cents to close at $4.95 with 5,199 stocks changing hands, Medical Disposables dropped 77 cents ending at $6.75 with the swapping of 23,819 shares, SSL Venture shed 18 cents in closing at $1.80 while exchanging 41,966 units and Stationery and Office Supplies rallied 25 cents to end at $7 in switching ownership of 250,562 stock units.
The All Jamaican Composite Index dropped 3,410.71 points to close at 447,833.02, the JSE Main Index dived 3,555.14 points to 394,577.81 and the JSE Financial Index slipped 1.10 points to 95.17.
At the close, Barita Investments lost 49 cents to end at $91.50 in exchanging 27,856 shares, Berger Paints fell 40 cents in closing at $13.10 after trading 740 units, Caribbean Cement shed $1 in ending at $80 with 31,142 stocks crossing the exchange. Caribbean Producers declined 82 cents to finish at $19.08 with 226,511 stock units clearing the market, GraceKennedy shed $1.98 to close at $103 in switching ownership of 531,538 stock units, Guardian Holdings climbed $14 to close at $550 with the swapping of 4,120 shares. Jamaica Broilers gained 35 cents after ending at $27.85 trading 25,929 stocks, Jamaica Producers rose 59 cents to $23.50 with 28,773 units changing hands, Kingston Properties shed 83 cents in closing at $8.91 after a transfer of 100 stocks. Massy Holdings declined $5 to end at an all-time low of $1,945 in switching ownership of 67,225 stock units, Mayberry Investments lost 50 cents to end at $6.55 with 2,026 shares crossing the market, NCB Financial advanced $7 in closing at $126 with the transfer of 44,264 units. Palace Amusement dropped $15 to $910 with an exchange of 56 units, Portland JSX fell $1.25 to $7.90 in trading 350 stocks, Salada Foods lost 51 cents to close at $7.99 with the swapping of 164,190 shares. 
Scotia Group fell $1.48 to $35.52 in switching ownership of 204,060 stock units, Seprod rallied $2 to $63 in exchanging 16,367 stocks, Stanley Motta shed 68 cents in closing at $5.30 in trading 2,251 stock units and Wisynco Group popped 30 cents to close at $19.80 with 304,609 shares clearing the market.
Trading ended with four securities changing hands, compared to six on Tuesday with prices of three rising and one declining.
At the close, Margaritaville climbed 2 cents to 22 US cents with the swapping of 3,650 shares, Proven Investments advanced 0.93of a cent to 22.93 US cents in an exchange of 99,048 stock units, Sygnus Credit Investments USD share shed 0.85 of a cent to end at 12 US cents with 85,283 stocks changing hands and Transjamaican Highway gained 0.02 of a cent in closing at 0.8 of one US cent in switching ownership of 310,100 units.
The All Jamaican Composite Index gained 994.99 points to end at 451,243.73, the Main Index slipped 12.55 points to 398,132.95 and the JSE Financial Index lost 0.12 points to close at 96.27.
At the close, Barita Investments declined 99 cents to close at $91.99 in trading 19,797 units, Caribbean Cement advanced $2 to $81 with the swapping of 37,613 stock units. Eppley rose $1.75 to $36 in exchanging 1,598 stocks, Eppley Caribbean Property Fund fell $3.90 to $38.10 after transferring 777 shares, GraceKennedy rose $1.48 to close at $104.98 with 56,839 units changing hands. Guardian Holdings lost $39 after ending at $536 with a transfer of 1,849 stocks, Jamaica Broilers gained 50 cents in closing at $27.50 in switching ownership of 96,266 stock units, Jamaica Stock Exchange rallied 30 cents to $18 after trading 1,674 shares. JMMB Group popped $1.10 to end at $43 in switching ownership of 631,294 stock units, Kingston Wharves fell $1.98 to close at $40 with an exchange of 5,447 stocks, Massy Holdings dropped $44 after ending at a 52 weeks’ low of $1,950 with 6,497 units clearing the market. MPC Caribbean Clean Energy rose 33 cents in closing at $119.50 after an exchange of 137 units, NCB Financial dropped $11.01 to end at $119 with the swapping of 325,401 stocks, 138 Student Living gained 36 cents in closing at $4.96 with 39,625 shares clearing the market, Palace Amusement declined $5 to $925 after an exchange of 2 stock units. 
Portland JSX advanced $2.23 to $9.15 in transferring one share, Sagicor Group fell $1.98 to close at $53.02 in switching ownership of 16,348 stocks, Salada Foods popped $1.60 to $8.50 in trading 475,812 shares. Scotia Group rose $1.49 in closing at $37 with 3,732 stock units crossing the market, Seprod shed 50 cents after ending at $61 with 12,953 units changing hands and Wisynco Group gained 47 cents to end at $19.50 with 272,939 stocks traded.
Trading ended with six securities changing hands, compared to eight on Monday with prices of two rising, three declining and one ending unchanged.
At the close, First Rock Capital USD share shed 0.01 of a cent in closing at 6.99 US cents after an exchange of 552 shares, Margaritaville increased 2 cents to 20 US cents trading 1,860 stocks, Productive Business Solutions fell 7 cents to US$1.09, with 27 stock units crossing the market. Proven Investments traded 45,841 units to finish at 22 US cents, Sterling Investments popped 0.01 of a cent to close at 2.31 US cents, with 12,100 shares changing hands and Transjamaican Highway declined 0.11 of a cent in ending at 0.78 US cents in an exchange of 961,305 stocks.
The big improvement in results owes a lot to the dislocation the company suffered in the 2020 period resulting in a 22 percent fall in revenues and the small profit shown above. Salada does not sell to the end users so disruption in sales in one period may only be a shift from one period to the next. So it was not surprising the sales jump 29 in the second quarter last year to $353 million, with a profit of $51 million
Administrative expenses rose 11 percent to $33.4 million from $30 million. Marketing and sales expenses increased 10 percent to $16 million. Finance income rose to $13 million from $1.25 million in 2020. Taxation on profits jumped from $4.6 million to $14 million.
Net current assets ended the period $759 million well over Payables of $254 million.
At the close, Access Financial declined 50 cents to close at $21 in trading 5,225 shares,Cargo Handlers aadded 50 cents in closing at $8 in an exchange of 110,833 stock units, Caribbean Cream climbed 27 cents to $5.29 trading 64,184 units. Consolidated Bakeries rose 10 cents to $1.15 after exchanging 209,652 stocks, Dolphin Cove popped 50 cents to end at $29.50 in exchanging 115,036 shares, Elite Diagnostic increased 15 cents to close at $3.45 in switching ownership of 169,185 units. Express Catering lost 10 cents to end at $5.50 with the swapping of 114,749 stocks, Fontana dropped 58 cents in ending at $11 with 640,950 stock units changing hands, Fosrich rallied 20 cents to $14.40 after trading 14,076 stock units. Future Energy Source gained 20 cents in ending at a 52 weeks’ closing high of $4.49 after trading at an intraday record high of $4.94, as 1,930,904 stocks crossed the market, General Accident rose 90 cents to close at $7.10 while exchanging 100,269 shares, Honey Bun fell 30 cents to end at $9.85 with 163,425 units clearing the market. Indies Pharma rallied 12 cents in closing at $3.17 trading 104,117 units, ISP Finance advanced $3.07 to $33.07 after trading 147 shares, Jamaican Teas shed 10 cents to end at $4.05with 603,815 stock units crossing the market. 
Lasco Financial increased 13 cents to $3.30 after exchanging 141,961 stocks, Limners and Bards climbed 10 cents to end at $3.55 with an exchange of 593,001 units, Lumber Depot dropped 15 cents in closing at $3.50 after 1,278,433 stock units crossed the exchange. Paramount Trading popped 35 cents to close at $2 with an exchange of 7,721 shares, Stationery and Office Supplies gained 39 cents ending at $6.75 after exchanging 10,532 stocks and tTech dipped 27 cents to $4.11 13,266 shares crossing the market.
Guardian Holdings popped 1 cent to $29.76 after finishing trading of 6,562 stock units, JMMB Group remained at $2.50, with 13,373 shares changing hands, Massy Holdings slipped 1 cent to end at $105.99, with 9,888 shares crossing the exchange. National Flour Mills ended at $1.87 after exchanging 15,532 units, NCB Financial Group finished trading 218,979 stock units at $8, One Caribbean Media remained at $4.15 with an exchange of 2,035 stocks. Prestige Holdings dropped 4 cents to $7 after 2,440 stocks passed through the market, Republic Financial Holdings ended unchanged at $142.86 in trading 3,510 units, Scotiabank ended in switching ownership of 6,624 stock units at $72.01. Trinidad & Tobago NGL lost 72 cents to close at $19.25 with the swapping of 1,801 shares, Trinidad Cement gained 10 cents after ending at $3.90 in exchanging 450 stock units, Unilever Caribbean remained at $16 with the swapping of 2,680 shares and West Indian Tobacco finished trading of 21,645 units at $26.06.
