Sun | Nov 18, 2018

Stories by Neville Graham/ Business Reporter

Published:Wednesday | October 31, 2018 | 12:00 AMNeville Graham/ Business Reporter

Meat processor Sweet River Abattoir & Supplies has seen its capital base erode as losses mount at the company...

Published:Wednesday | October 17, 2018 | 12:15 AMNeville Graham/ Business Reporter

Facey Group is offering up nearly 92 million of the shares it holds in Seprod Limited for sale to stock market investors, but will retain a 17 per cent stake in the company.Both entities are members of the privately held Musson Jamaica conglomerate....

Published:Wednesday | October 10, 2018 | 12:00 AMNeville Graham/ Business Reporter

Sterling Investments Limited's shareholders voted overwhelmingly to approve an increase in the company's share capital, a rights issue and a five-for-one stock split at an extraordinary general meeting on Monday.In excess of 90 per cent of the votes...

Published:Wednesday | October 10, 2018 | 12:00 AMNeville Graham/ Business Reporter

Situating his business at Dunoon Road near to some of the toughest neighbourhoods in east Kingston is but one of the many decisions that entrepreneur Kevin Frith has taken "against the grain".Since prematurely leaving Dunoon Technical High School in...

Published:Wednesday | September 26, 2018 | 12:00 AMNeville Graham/ Business Reporter

Wisynco Caribbean, the parent company for Wisynco Group Limited, has taken a 30 per cent stake in Worthy Park Estates, a sugar operation owned by the Clarke and McConnell families.The deal comes with a large distribution contract for Wisynco Group...

Published:Wednesday | September 19, 2018 | 12:00 AMNeville Graham/ Business Reporter

As Seprod grapples internally on whether to hang on to its sugar operation, the company is chasing a tax break to offset the losses that continue to mount in the near decade that it has owned the Golden Grove factory in St Thomas.Seprod CEO Richard...

Published:Wednesday | September 5, 2018 | 12:00 AMNeville Graham/ Business Reporter

Start-up investment company Sygnus Credit reported profit of US$1.4 million for year ending June 2018."As a start-up we set ourselves three objectives: raising enough capital through private placement that would be fully invested out in our first...

Published:Wednesday | August 22, 2018 | 12:00 AMNeville Graham/ Business Reporter

FosRich Company Limited, a trader in lighting and energy products, generated some heat of its own in June when it reported the best performing quarter in the company's history, according to its principal owner.Having revamped its supply chain and...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/ Business Reporter

Richard Lake's Premium Farms in now the exclusive distributors for National Flour Mills, NFM, an agreement that covers eight products made by the Trinidadian company, initially, with more to be added later this year.The deal expands on the business...

Published:Wednesday | August 15, 2018 | 12:00 AMNeville Graham/ Business Reporter

For the first time in its 32-year history, The National Export-Import, EXIM, Bank of Jamaica is rolling out a loan sale to gin up business and pull in clients.EXIM's general manager for trade and commercial lending, Lenworth Tracey, says the board...

Published:Wednesday | August 1, 2018 | 12:00 AMNeville Graham/ Business Reporter

After racking up record revenues, which spurred a 24 per cent annual increase in profits, ISP Finance Services is looking to loan portfolio diversification and acquisitions to grow its business.Chairman Clifton Campbell said the company aims to set...

Published:Wednesday | July 18, 2018 | 12:00 AMNeville Graham/ Business Reporter

Starting today, Wednesday, two of Amber Connect's trackers will be available in the American market through large consumer electronics retailer, Best Buy.It's the Jamaican software and technology company's first foray into the retail space in the US...

Published:Wednesday | July 4, 2018 | 12:00 AMNeville Graham/ Business Reporter

Battery distributor Tropical Battery is returning to core business and broadening its involvement at that level, backed by capital from Portland Caribbean Fund II.Consequently, the 68-year-old company is backing away from forays into tyres and...

Published:Wednesday | June 27, 2018 | 12:05 AMNeville Graham/ Business Reporter

Tank Weld Equipment expected to sell 25 Shacman trucks this year, and placed that order with the Chinese manufacturer.But the units have already sold off, according to Managing Director John Ralston, who said at the launch of the new truck...

Published:Wednesday | June 6, 2018 | 12:00 AMNeville Graham/ Business Reporter

Faced with a nearly 43 per cent decrease in profit, listed insurance company General Accident is looking to technology and service improvements to boost profits.Speaking with the Financial Gleaner following the company's annual general meeting at...

Published:Wednesday | April 18, 2018 | 12:00 AMNeville Graham/ Business Reporter

Sales at lubricants company Paramount Trading Jamaica Limited spiked above a billion dollars over nine months ending February, but its expenses grew at a faster clip due to the acquisition of a new business, as well as its transition to a...

Published:Wednesday | April 11, 2018 | 12:00 AMNeville Graham/ Business Reporter

The Musson Jamaica group intends to maintain its holdings below 50 per cent of Seprod Limited, and avoid having to make a mandatory takeover offer for the entire company, under the distribution deal being finalised by the parties.Through Facey Group...

Published:Wednesday | April 11, 2018 | 12:00 AMNeville Graham/ Business Reporter

Online research service Queritel is beta-testing a new platform that went live in January, but which has already attracted 200 clients in three Caribbean countries, according to CEO Shani Bennett."The majority of our legal questions come from...

Published:Wednesday | April 4, 2018 | 12:00 AMNeville Graham/ Business Reporter

Seafood trader Rainforest is doubling solar energy capacity at its plant in Montego Bay, from 0.5 megawatt to one megawatt, at a cost of $75 million.When the project is finalised in two to three months, Rainforest will possess the capacity to...

Published:Wednesday | March 21, 2018 | 12:00 AMNeville Graham/ Business Reporter

An expanded footprint, enhanced customer experience and revenue diversification are three planks of the strategy going forward for listed company Supreme Ventures Limited (SVL), according to President and CEO Ann Dawn Young Sang.In her review of the...

Published:Wednesday | March 21, 2018 | 12:00 AMNeville Graham/ Business Reporter

Industry players say the next 90 days will be crucial as the world comes to grips with the move by the Donald Trump administration to impose tariffs on imports of steel. They say it is not yet clear what effect the tariffs, which come into force...

Published:Wednesday | March 7, 2018 | 12:00 AMNeville Graham/ Business Reporter

Revenue fell at FosRich Company Limited but profit spiked 81 per cent, which Managing Director Cecil Foster says comes at the tail end of branch rationalisations, and other efficiency measures ahead of taking the company public.The adjustments began...

Published:Wednesday | February 14, 2018 | 12:00 AMNeville Graham/ Business Reporter

Telecoms company Cable Bahamas Limited posted a net loss of Bah$15 million for its first quarter ended September, quadrupling the bleed reported in the comparative period in 2016.Head of finance, Kino Williamson, said the result was expected because...

Published:Wednesday | February 7, 2018 | 12:00 AMNeville Graham/ Business Reporter

Food importer and distributor Everything Fresh Limited plans to approach the stock market for equity capital to expand, saying a vibrant tourism market has driven up demand for its products.The company plans to invest in warehousing and storage as...

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