THE GLEANER COMPANY
THE COMPANY enjoys vast local patronage as well as a huge overseas market. The recent expansion into the British market will propel their efforts in enhancing their global distribution network.
The Group has been enhancing its Books & Stationery segment in order to strengthen its profit from operations. Despite fluctuations during the earlier part of the year, the share price has seen substantial appreciation since January, to the tune of 60 per cent.
GOODYEAR JAMAICA
"Significant sales expansion has followed the company's reinforcing of its operations. In turn, first quarter net profit increased significantly over the same period last year. "The company has spent approximately $3 million toward additions to property, plant and equipment. "The export segment for the company has shown an increase of close to 20 per cent over first quarter 2003, in addition to providing a larger contribution to total revenue for the period. Goodyear has expressed its intent to expand sales within regional markets.
"Share price appreciation since the beginning of the year has been just over 100 per cent.
PAN JAM INVESTMENT TRUST
Pan Jam's first quarter bottom line has grown by 50 per cent over that of last year. Attributable to strong contributions from many of its subsidiaries, namely First Life Group and Jamaica Property Company.
Expectations of increased profitability of its insurance and banking segments in the upcoming quarters, as the local economy continues on its positive path.
In addition, the Pan Jam Group brokered two key mergers recently that have strengthened core strengths and competencies within its operations thereby creating greater operating muscle and financial prowess
The Group declared a second interim dividend of 15 cents. This brings total dividends since January to 30 cents.
