Its earnings season for Jamaican stocks and usually most companies would have posted first-quarter results already. The Jamaica Stock Exchange has permitted companies to publish results later, due to the Coronavirus outbreak and the disruption caused to businesses.
Caribbean Flavours Derrimon’s subsidiary
Some results have been lower than for last year’s first quarter, but a number of them have posted robust increases. Outstanding results published last week were led by Grace Kennedy with a 50.6 percent spike in profit before tax, to $1.99 billion for the March quarter, while profit after tax attributable to shareholders of the group rose an impressive 47 percent, to $1.32 billion. tTech’s profit for the March quarter climbed 5,375 percent from $758,000 to $4.15 million as revenues rose a healthy 32 percent. Revenues grew 33 percent to $149 million at Caribbean Flavours while profits before tax rose 31 percent to $19 million from $14.4 million, profit after tax rose 19 percent to $14.2 million. The first-quarter profit is 45 percent of the 2019 full-year results.
Revenues at 138 Student Living climbed 29 percent to $278 million for the February quarter and 71 percent to $734 million for the half-year, with profit ending at $87 million, for earnings per share (EPS) of 21 cents for the quarter, up from a loss of $68 million in 2019. Profit for the half-year to February was $270 million, with EPS of 65 cents, up from a loss of $67 million in 2019. Profit at Eppley jumped 541 percent over the 2019 outturn of just $6 million after-tax to $40 million, with EPS of 21 cents.
Kingston Wharves profit rose 22%.
Kingston Wharves results for the quarter ended in March rose two percent to $1.9 billion, over the corresponding period in 2019 while net profit attributable to shareholders increased 22 percent or $101 million over the prior year, to $554 million. Sterling Investments reported a profit of US$4.6 million, versus a loss of US$7.2 million in the March 2019 period as a significant swing around in exchange gains pushed earnings higher for the March 2020 period.
Prior to this past week, Barita Investments reported a 25 percent rise in March quarter profit and 96 percent increase in the half-year results, profit for the first quarter at Derrimon Trading rose 34 percent to 91.6 million from a 5.5 percent rise in sales revenues, a rise of $18 million in other revenue and a drop in finance cost from $58 million to $49 million. iCreate increased revenues by 106 percent to $24.5 million for the three months to March with net Profit of $1.25 million, up from a loss of $1.48 million made in 2019. Pulse Investments profit rose 136 percent for the March quarter profit and 121 percent for the, nine months to March, Seprod profit for the March quarter increased 103 percent and Mailpac Group reported 71 percent increase in first-quarter profit
The directors have not yet met to determine the exact amount of the split or the total number of shares that likely to be offered for sale later, but at Tuesday’s annual general meeting, the Chairman gave shareholders some sense as to what the outturn could be.
The JSE Main Market TOP 10 had just stock leaving with 
Radio Jamaica still holds on to the lead for Main Market stocks, with an expected increase of 236 percent, followed by Pulse Investments in the number two spot with projected growth of 205 percent and Sygnus US dollar-denominated stock with likely gains of 186 percent, is next.
The Junior Market of the Jamaica Stock Exchange is up 52.35 points to cross over the 3,500 points level for the first time in the market’s history. 
Five consecutive days of record close, shook up IC Insider.com’s TOP 10 this past week, more shakeup seems possible with a raft of company results set for release, this week.
each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
roadworks around the area of their offices, could see this one being down in price for a while, until investors see it as just temporary. Everything Fresh makes it to the list in eight position and Jamaican Teas returns with the price hit down to $3 but closed with the bid at $3.50.
each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
slipped in price to close the week at $59.75 and that was enough for it to edge its way back in the TOP main market stocks.
percent in the prior week and Sterling Investments with 150 percent.
projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
can be expected. The earnings downgrade moved the company to the 10th spot on the list.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
211 percent rise in contrast to the stunning gains by Barita. Salada Foods ended the year with a jump in price to $35 on strong gains in profit, to capture the number 2 best performing spot rising by 211 percent for the year, followed by Palace Amusement with gains of 159 percent, the third year in a row that it is occupying the top 10 list. Kingston Wharves grew 135 percent to be one of 4 stocks to reappear in the top 10 for two consecutive years. Jamaica Broilers gained 67 percent. Pulse Investments reappeared in the Top 10 with a rise of 66 percent and heavy weight, PanJam Investment put in a strong showing of 65 percent, while Supreme Ventures chipped in with 57 percent, Mayberry Investments rose 52 percent and NCB Financial with 50 percent to retain one of the Top 10 spots for the second year in a row.
with most of the proceeds distributed as a dividend thus reducing the value of its assets to a few million dollars. 138 Student Living was next with a fall of 42 percent with Portland JSX ending with a loss for the year of 25 percent following on from Kingston Properties with 22 percent and Sygnus Credit Investments with 20 percent from it 2018 IPO price. Both Ciboney and Carreras that are in the top 10 worst performing stocks in 2018 are coming from the top 10 in 2017.
The big winners for the year to July are, 
The big losers in the main market are,