GraceKennedy reported their six months results to June, showing continued strong growth in revenue and profit for a third year running. The group’s segment results make for more interesting reading when the data is examined closely.
The group reported revenues of $63.4 billion, representing an increase of $6.8 billion or 12.1 percent over the prior year’s corresponding period. Profit before tax was $5.4 billion, reflecting a 20.4 percent improvement over the same period in 2020. Net profit after tax came in at J$4 billion, a 30.3 percent increase over the same period in 2020, while net profit attributable to stockholders enjoyed a double digit increase of 30.6 percent over the prior year.
GraceKennedy group is categorized into four main segments, with all contributing positively to the half year’s performance.
The Food Trading segment saw revenues rising 11 percent in the half year to $49.6 billion, but segment profit surged 50 percent to $2.8 billion. Banking and Investments revenues rose by a mere 7 percent to $3.3 billion and delivered a 32 percent increase in segment results to $348 million, Insurance pushed 23 percent higher to $5.6 billion, with just a 5 percent rise in profit to $515 million and Money Services revenues were up 18 percent to $4.8 billion, with profit climbing 15 percent to $2.1 billion, remaining the most profitable segment of the group by far.
For the June quarter, while the Food Trading segment did well in the first quarter, the second quarter saw a blast of momentous proportion, with revenues rising 15 percent to $24.65 billion over 2020, but with segment, profit surging a stunning 99 percent to $1.32 billion over the $667 million generated in 2020. Banking and Investments revenues rose 9 percent in the second quarter to $1.66 billion, but could only deliver a 9 percent increase in segment results to $199 million, up from $184 in 2020, well off from the 86 percent increase in quarter one, when profit came in at $148 million versus just $80 million in the March 2020 quarter last year. Insurance revenues rose 17 percent to $3.16 billion, with a 13 percent contraction in profit to $432 million, but a major change to the profit of $84 million garnered in the 2021 first quarter and Money Services revenues were up 20 percent in the second quarter compared with the first quarter increase of 16 percent and ended with $2.49 billion, with profit climbing a mere 4 percent to $1.1 billion from a rise in profit in the first quarter of 30 percent.
The data indicate that the Food Trading and Money Services divisions are likely to be the greatest profits drivers in the short to medium term.
GraceKennedy stock remains as an ICInsider.com BUY RATED stock that last traded at $102, on Wednesday on the Main Market of the Jamaica Stock Exchange at a PE ratio of 9.3 ICInsider.com earnings for the year of $11.
Grace segments hide important tales
Junior Market declines on Wednesday
Trading closed on Wednesday with the index falling as investors transferred 73 percent fewer shares for 73 percent less the value than on Tuesday on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 35 securities trading compared to 36 on Tuesday and ended with 12 rising, 13 declining and 10 ending unchanged.
At the close, the Junior Market Index dropped 23.06 points to finish at 3,296.17. The PE Ratio, a measure used to compute appropriate values of stocks, averaged 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 4,218,643 shares changing hands for $11,909,607 down from 15,655,131 units at $44,661,348 on Tuesday. Future Energy Source led trading with 39.9 percent of total volume after exchanging 1.68 million shares, Lumber Depot followed, 15.3 percent, with 645,830 units and Mailpac Group 13.1 percent, with an exchange of 551,412 units.
Trading averaged 120,533 units at $340,274 in contrast to 434,865 shares at $1,240,593 on Tuesday. Trading for the month to date averages 279,912 units at $796,774. July closed, with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four, with lower offers.
At the close, Blue Power rose 14 cents to $3.49, with investors switching ownership of 90,000 shares, CAC 2000 shed $1.77 to end at $9.15 with 280 units traded, Caribbean Cream rose 10 cents to $5.90 with an exchange of 350 stock units. Elite Diagnostic fell 9 cents to $3 with a transfer of 10,974 shares, Express Catering lost 10 cents to finish at $5.30, with 11,004 units changing hands. Fosrich climbed 26 cents to $8.25, with 131,834 stocks passing through the market, Future Energy Source rose 7 cents to $1.50, with 1,682,572 stock units traded. KLE Group shed 20 cents to close at $1.05, with an exchange of 43,667 shares, Knutsford Express fell 49 cents to $7.20 with a transfer of 1,730 units. Lasco Manufacturing added 5 cents to $5.25 with 123,527 stocks changing hands, 
Lumber Depot rose 5 cents to $2.99 with 645,830 stock units traded and Main Event slipped 5 cents to $4.75 with 12,738 shares crossing the exchange, Stationery and Office Supplies rallied 37 cents to $7.25 after trading 23 socks and Tropical Battery popped 13 cents to $1.43 after an exchange of 45,654 units.
In the preference segment, CAC 200 9.5% traded 2,500 shares and gained 20 cents to end at $1.20.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE US Market on Wednesday
Tuesday’s rally was short-lived for the JSE USD market, with the market Index dropping 8.60 points to settle at 185.77 points on Wednesday, into negative territory for the year, after six securities changed hands versus seven on Tuesday and ended, with two stocks rising, one declining and three closing unchanged.
The PE Ratio, a measure that computes an appropriate value of stocks, averaged 11.7 based on ICInsider.com’s forecast earnings for 2021-22.
A total of 132,046 shares traded for US$23,136 versus 127,924 units at US$32,789 on Tuesday.
Trading averaged 22,008 units at US$3,856, compared to 18,275 shares at US$4,684 on Tuesday. Month to date averages 19,998 units at US$4,302. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Proven Investments spiked 1.94 cents to 24.98 US cents with 5,102 shares passing through the market, Sterling Investments remained at 2.15 US cents with a transfer of 13,589 stocks, Sygnus Credit Investments finished at 13 US cents with 963 stock units traded and Transjamaican Highway fell 0.14 of a cent to 0.78 US cents with 101,550 shares crossing the exchange.
In the preference segment, JMMB Group 5.75% climbed 3 cents to US$2.05 with investors switching ownership of 9,342 units and JMMB Group 6% closed at US$1.03 with 1,500 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed fortune for JSE Main market
Market activity ended on Wednesday with mixed results after an exchange of 15 percent fewer shares, with a 131 percent greater value than on Tuesday on the Jamaica Stock Exchange Main Market leaving the market indices with mixed results at the close.
The All Jamaican Composite Index rose 170.16 points to 461,596.19, the JSE Main Index shed 189.24 points to end at 421,657.62 and the JSE Financial Index dipped 0.18 points to 103.56.
Trading ended with 46 securities down from 52 on Tuesday, with 16 stocks rising, 15 declining and 15 ending unchanged. The PE Ratio, a measure that computes an appropriate stock value averages 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 6,341,667 shares trading for $102,594,305 versus 7,489,347 units at $44,473,648 on Tuesday. Scotia Group led trading with 21.6 percent of total volume for an exchange of 1.37 million shares followed by Transjamaican Highway 18 percent with 1.14 million units and Wigton Windfarm 16.1 percent with 1.02 million units.
Trading averaged 137,862 units at $2,230,311, compared to 144,026 shares at $855,262 on Tuesday. Trading month to date averages 141,133 units at $1,500,693. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement rallied $1 to $93 in exchanging 2,758 shares, Eppley spiked $1.70 to $40 in switching ownership of 521 units, First Rock Capital rose 93 cents to $14.38 with 688 stock units changing hands, GraceKennedy climbed $4 to $102 in trading 30,011 units. Guardian Holdings dropped $20 to a 52 weeks’ low of $630 with the swapping of 29,390 stock units, JMMB Group slipped 40 cents to $37 in an exchange of 92,682 shares, Kingston Properties popped $1.29 to $9.79 with the transfer of 1,290 units. Mayberry Jamaican Equities lost 30 cents in closing at $8.70 in trading 3,500 stock units, MPC Caribbean Clean Energy spiked $7 to $137 in exchanging 1 share, NCB Financial fell $1.10 to $138.50 in exchanging 18,337 stocks. Proven Investments rose 38 cents to $35.29, with 6,916 units crossing the market, Pulse Investments picked up 21 cents to end at $4.01 in switching ownership of 435,468 stock units, Sagicor Group spiked $1 to $57 with 11,682 units crossing the exchange. Scotia Group popped $1 to $42 in trading 1,366,726 shares, Seprod fell $1 to $71 in an exchange of 3,804 stocks, Supreme Ventures gained 30 cents in closing at $20.50 with a transfer of 113,365 stock units.
Sygnus Credit Investments popped 58 cents to $14.80 after exchanging 63,362 shares but after trading at a 52 weeks’ intraday low of $13.99 and Wisynco Group lost 22 cents to settle at $15.65 with 362,752 stocks crossing the market.
In the preference segment, Eppley 8.25% shed 40 cents to close at $6.10 in an exchange of 5,544 shares and JMMB Group 7.25% lost 20 cents in ending at $1.30 after ownership of 13,508 units was switched.
In the corporate Bond segment, Guardian Holdings 6.5% due 2025 rose 35 cents to close at 4103.51 after 5 million units were exchanged.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading remains buoyant on TTSE
Market activity ended on Wednesday resulted in more securities trading but with 20 percent fewer shares carrying a slightly higher value than on Tuesday, resulting in an equal number of stocks rising and falling at the close of the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
Twenty two (22) securities traded compared to 21 on Tuesday, with five rising, five declining and 12 closing unchanged. The Composite Index rose 1.14 points to 1,421.49, the All T&T Index popped 1.10 points to close at 1,933.91 and the Cross-Listed Index added 0.17 points to end at 122.37.
A total of 353,428 shares were traded for $3,625,335 compared to 441,934 units at $3,562,074 on Tuesday. An average of 16,065 units traded at $164,788 compared to 21,044 shares at $169,623 on Tuesday. The average trade month to date, amounts to 18,497 units at $167,150. The average trade for July ended at 20,941 units at $221,079.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Agostini’s traded 848 stocks at $24.55, Angostura Holdings ended at $16.49 in exchanging 1,182 units, Ansa Mcal had an exchange of 20 shares at $59. Calypso Macro Investment Fund shed 6 cents to close at $16.16 trading 5 stock units, Clico Investment Fund closed at $27 after trading 14,500 units, Endeavour Holdings fell 93 cents to end at a 52 weeks’ low of $7.01 with an exchange of 1,500 stocks First Citizens Bank fell 10 cents to $50.10 while exchanging 3,717 stock units, FirstCaribbean International Bank remained at $6.50 after 200 stocks changed hands, GraceKennedy ended at $6.30 in exchanging 243,414 units. Guardian Holdings traded 2,410 shares at $32.50, Guardian Media ended at $3.10 after 3,180 stock units crossed the market,
JMMB Group closed at $2.05 after exchanging 650 units. Massy Holdings rose 40 cents to $80.50 after the trading of 2,988 stocks, MPC Caribbean Clean Energy climbed 8 cents to 98 US cents, with an exchange of 1,000 units. National Enterprises settled at $3.90 with an exchange of 20,616 units, NCB Financial Group popped 1 cent to $8.01 in switching ownership of 44,734 stocks. One Caribbean Media rallied 10 cents to $4.15 with the swapping of 1,000 stocks, Republic Financial Holdings spiked $2.50 to $138 in exchanging 3,033 stock units, Scotiabank closed at $59 after exchanging 1,508 stocks. Trinidad & Tobago NGL shed 25 cents to $17.70, with 620 shares crossing the market, Cement lost 4 cents to close at $3.96 in switching ownership of 1,003 stocks and West Indian Tobacco settled at $32, with 5,300 stock units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Construction boom boost Fosrich profits
After a few years of mediocre performance since it was listed in late 2017 on the Junior Market of the Jamaica Stock Exchange, Fosrich is enjoying a most robust year in 2021, with a surge in revenues and a major blast in profits as the construction sector is enjoying the best performance in history and lifting sales of entities involved in the sector.
Revenues for the June quarter blasted 33 percent to $544 million, from $408 million in the similar 2020 period, helping to contribute to a 28 percent increase in six months revenues of $1,093 million, up from $857 million in 2020. Net Profit leaped 336 percent in the second quarter to $76 million, up from just $17 million in 2020 and for the half year, profit bolted 414 percent to $115 million from a mere $22 million in 2020.
Gross Profit blew 44 percent past $169 million for the June quarter last year to $244 million this year and rose 29 percent from $339 million in last year to $435 million for the six months this year, resulting in improvement in profit margins.
“These increases were attributed primarily to the greater availability of the products required by the market. While the overall increase in revenues was 28 percent, the product lines that had significant increases were PVC which saw increases of 105 percent, hardware 93 percent, wiring devices 52 percent and control devices 48 percent,” the Managing Director, Cecil Foster advised shareholders about the increase in sales, in his commentary of the results.
FosRich traded at $7.99 on Tuesday.
Administration expenses, year-to-date, were $310 million, an increase of 14 percent over 2020, with $271 million. For the quarter, these expenses grew much faster than in the first quarter at 32 percent to $166 million from $126 million in 2020. “The changes were driven primarily by increased staff related costs for salary adjustments, increased sales commission due to improved sales performance and improvements in staff benefits, increased staff training cost with the launch of the new FosRich Corporate University, increased motor vehicle expenses, increased occupancy cost due to the commencement of obligations in January for the second Hayes factory building and increased depreciation charges,” Foster advised shareholders. Finance cost for the year-to-date was $51 million compared to $57 million for the prior reporting period.
The operations delivered gross cash flow of $152 million, but growth in receivables, reduction of inventories, addition to fixed assets and payments on loans and lease funding of $58 million left the net position, with a cash flow deficit of just $1 million. Current assets ended the period at $1.99 billion, including inventories of $1.37 billion, trade and other receivables of $424 million, and cash and bank balances of $33 million. At the end of June, current liabilities stood at $496 million and resulted in net current assets of $1.5 billion. A related party owes $288 million, being funds loaned to complete an apartment complex, with sales expected to be completed this year, with proceeds slated to pay off the amount during 2021.
Shareholders’ equity stands at $983 million, up from the $869 million at the end of December 2020. Borrowings amount to $1.8 billion.
Earnings per share for the second quarter surged to 15 cents from 3 cents in the prior year and climbed to 23 cents compared to 4 cents in 2020. ICInsider.com forecasts 60 cents per share for 2021 and $1 for 2022. The current year’s PE is now 13.3, with the last traded stock price at $7.99 on the Junior Market of the Jamaica Stock Exchange. The average Junior Market trades at a PE of 12.7 and net asset value is $1.96, with the stock selling at 4 times net book value.
Big Spike in trading volume on Tuesday
Lumber Depot dominated trading with
Lumber Depot traded 61.5 percent of the total volume of stocks, trading on the Junior Market of the Jamaica Stock Exchange after sellers pushed 9.62 million shares, with the price plunging to a low of $2.50 during the day but recovered to close at $2.94, but with the bid at $2.58 to buy 22,010 shares.
Jetcon Corporation closed with just one bid to buy 73,805 shares at 65 cents, well off the last traded price of $1.30.
Market activity led to 36 securities trading compared to 34 on Friday and ended with the prices of 14 stocks rising, 17 declining and five closing unchanged.
The Junior Market Index slipped 3.54 points to 3,319.23. The PE Ratio, a measure used to compute an appropriate value of a stock, averages 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed on Tuesday, with the volume of stocks traded spiking 627 percent, with 537 percent greater value than on Friday. Trading volume surged to 15,655,131 shares 
for $44,661,348 compared to 2,153,858 units at $7,010,164 on Friday.
Derrimon Trading had the second highest volume with 11.2 percent of the day’s trade after an exchange of 1.75 million shares and Future Energy Source was next, with a 9.3 percent market share with an exchange of 1.46 million units.
Trading averaged 434,865 units at $1,240,593 in contrast to 63,349 at $206,181 on Friday. Trading for July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and one with a lower offer.
At the close, Blue Power rose 9 cents to $3.35 with 9,841 shares changing hands, CAC 2000 gained $1.42 to finish at $10.92, with an exchange of 921 stocks, Caribbean Cream slipped 8 cents to $5.80 with investors switching ownership of 880,910 units. Future Energy Source added 5 cents to close at $1.43, with 1,459,917 stock units traded, GWest Corporation rallied by 5 cents to 99 cents with a transfer of 800 shares, Indies Pharma advanced 19 cents to $3.79, with 60,800 stocks changing hands. Iron Rock Insurance climbed 28 cents to $3.88 with an exchange of 33,165 stock units, Jamaican Teas lost 7 cents to finish at $3.95, with 233,852 units passing through the market, Lasco Manufacturing slipped 5 cents to $5.20 with 116,657 shares traded. 
Lumber Depot fell 36 cents to $2.94 with a transfer of 9,623,115 stock units, Medical Disposables shed 49 cents to finish at $4.50 with 825 units changing hands, SSL Venture popped 11 cents to 87 cents, in switching ownership of 5,744 shares. Stationery and Office Supplies rallied $1.12 to $6.88 with 879 stock units traded and Tropical Battery lost 10 cents to close at $1.30 with 28,827 units crossing the exchange.
In the preference segment, CAC 2000 9.5% advanced 20 cents to $1 with 8,606 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market rallies into August
The JSE USD Equity Index climbed 7.62 points to 194.37 to start off the new month on a positive note on Tuesday, as the market builds on gains made on Friday to close out the old month after an exchange of 43 percent fewer shares than on Friday, with the value falling 50 percent.
Seven securities changing hands up from four on Friday, with the prices of three stocks rising, three declining and one ending unchanged.
The PE Ratio, a measure that computes appropriate values for stock, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading accounted for 127,924 shares changing hands for US$32,789 down from 224,358 units at US$65,431 on Friday.
Trading averaged 18,275 units at US$4,684, compared to 56,090 shares at US$16,358 on Friday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital rose 0.01 of a cent to 7.26 US cents after trading 45,850 shares, Margaritaville settled at 9 US cents with 20 stocks changing hands, Productive Business Solutions fell 3 cents to 77 US cents with a transfer of 194 units. Proven Investments lost 1.96 cents to close at 23.04 US cents with 75,056 shares passing through the market, Sygnus Credit Investments popped 1 cent to 13 US cents with 1,504 units traded and Transjamaican Highway climbed 0.17 of a cent to 0.92 US cents with 100 stock units crossing the exchange.
In the preference segment, JMMB Group 5.5% shed 30 cents to close at US$2 with 5,200 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
August off to steady start in TTSE trading
Market activity ended on Tuesday, the first trading day of August, with the majority of stocks prices closing unchanged as rising stocks edged out those falling on the Trinidad and Tobago Stock Exchange as the volume of stocks changing hands jumped 143 percent, but with 21 percent fall in value compared to Friday’s activities.
Trading ended with 21 active securities, up from 18 on Friday, with five stocks rising, three declining and 13 ending unchanged.
The Composite Index rallied 2.87 points to close at 1,420.35, the All T&T Index gained 2.96 points to settle at 1,932.81 and the Cross-Listed Index advanced 0.39 points tand finished at 122.20.
A total of, 441,934 shares traded for $3,562,098 compared to 182,034 units at $4,513,902 on Friday
An average of 21,044 units traded at $169,623 compared to 10,113 at $250,772 on Friday. The average trade for July amounts to 20,941 units at $221,079.
The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $24.55 in switching ownership of 534 shares, Angostura Holdings ended at $16.49 after trading 5 shares, Ansa Mcal remained at $59, with 2,855 stock units clearing the market. Clico Investment Fund closed at $27 after exchanging 1,021 stock units, Endeavour Holdings ended at $7.94 in exchanging 3 units. 
First Citizens Bank traded 100 stock units at $50.20, GraceKennedy advanced 15 cents to $6.30 while exchanging 353,258 units, Guardian Holdings ended at $32.50 with an exchange of 6,905 shares. JMMB Group gained 2 cents in closing at $2.05 in exchanging 4 stock units, L.J Williams B share slipped 16 cents to $1.34 in an exchange of 50 stock units, Massy Holdings shed 40 cents to $80.10 while exchanging 1,887 stocks. National Enterprises remained at $3.90 in trading 22,770 stocks, National Flour Mills increased 5 cents to $2.05 trading 7,600 stock units, NCB Financial Group closed at $8, with 29,779 stock units changing hands. Prestige Holdings settled at $7.50 after exchanging 197 stocks, Republic Financial Holdings ended at $135.50, with 200 stock units crossing the market, Scotiabank remained at $59 in switching ownership of 2,160 stock units. Trinidad & Tobago NGL climbed 45 cents to $17.95 in trading 5,577 shares, Trinidad Cement rose 25 cents to close at a 52 weeks’ high of $4, with 1,010 stock units clearing the market, Unilever Caribbean slipped 1 cent to $16.32 in switching ownership of 1,205 shares and West Indian Tobacco remained at $32 with the swapping of 4,814 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profit climbs 20% at Paramount
Reduced administrative, selling and distribution expenses overcame a fall in revenues for the Junior Market listed Paramount Trading, for the fiscal year ending May 2021, to deliver a 20 percent rise in after tax profit to $64 million from $53 million in 2020 after profit surged more than nine times in the final quarter versus the similar period in 2020.
Paramount Trading had expanded into Chlorine and bleach processing.
In the final quarter, revenues rose 15 percent to $421 million from $366 million in 2020 and netted a profit of $36 million versus just $4 million in 2020. Sales revenue slipped 5 percent for the year to $1.44 billion, from $1.52 billion. Other income slipped from $25 million to $23 million, but foreign exchange gains contributed $19 million in 2021 versus $10 million in 2020.
Improvement in profit margin in the year saw margins rise from 30.9 percent in 2020 to 31.6 percent in 2021, but gross profit slipped 3 percent to $454 million, from $468 million in 2020.
Administrative expenses fell 32 percent to $68 million in the quarter, up from $100 million in 2020, and slipped 3 percent for the year, to $355 million from $367 million, a fall of $27 million in staff costs accounted for the bulk of the decline as salaries and wages fell from $179 million to $152 million as the average number of workers employed fell from 91 to 70. Distribution and sales expenses dipped from $19 million to $11 million. Finance cost inched higher from $48 million to $49 million in 2021.
The operations delivered gross cash flow of $121 million, but after changes in working capital, net cash flow from operations ended at $135 million. The company increased fixed assets by $9 million, had a net $15 million repayment of loans and paid $62 million in dividends, ended with increased funds at the end of the year of $49 million, pushing cash and investments to $261 million at the end of the fiscal year.
Paramount lubricant factory.
At the end of May, net current assets stood at $472 million. Current assets ended the period at $836 million inclusive of trade and other receivables of $323 million, cash and bank balances of $91 million. Current liabilities closed the year with $364 million. Non-current Investments being held for more than a year stood at $170 million. Shareholders’ equity ended at $796 million with long term borrowings at $473 million, down from $492 million in 2020 and short term loans amounted to $47 million versus $43 million in 2020.
Earnings per share amount to 4.1 cents for the year. ICInsider.com forecasts 10 cents per share for the fiscal year ending May 2022 with a PE of 12.5 at the last traded stock price at $1.25 on the Junior Market of the Jamaica Stock Exchange. Net asset value is 52 cents per share, with the stock selling at 2.5 net book value.
The Company’s principal activity is the importation and distribution of chemicals, lubricants and other related products, provision of haulage services and blends lubricants.
