Neville Graham/Business Reporter

July 19, 2026 by Neville Graham/Business Reporter

Lakespen drives profit at Sygnus

The real estate development firm Sygnus Real Estate Finance Limited (SRF) has reclassified and revalued assets at its Lakespen Industrial Park during its latest quarter, resulting in a 193 per cent rise in profit to $444.3 million.
“Lakespen development had a favourable gain of $806.9 million recorded during the period,” Chief Investment Officer Jason Morris told shareholders during the company’s earnings briefing.

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July 19, 2026 by Neville Graham

Derrimon sales down a third, even as it moves beyond write-down

Derrimon Trading Company Ltd saw revenue fall by a third to $2.96 billion in the first quarter ended March 2026, a decline of more than $1.3 billion, as the supermarket and distribution group grappled…
July 10, 2026 by Neville Graham

CAC 2000 breaks profit drought
CAC 2000 Ltd has returned to profitability for the first time in four quarters, delivering a modest second-quarter profit as management intensifies efforts to collect outstanding receivables, manage…
July 8, 2026 by Neville Graham

Walker divests connection to $23b WIPT shares in taking Petrojam’s top job
Danville Walker has divested his interest in an entity holding $23 billion worth of shares in West Indies Petroleum Terminal (WIPT), in taking up the top job at Jamaica’s state-led refinery,…
July 5, 2026 by Neville Graham

Institutions to redeploy Scotia proceeds slowly, favouring fundamentals
Fund managers are likely to wait, rather than rush to reinvest funds following Scotia Group Jamaica’s pending exit from the Jamaica Stock Exchange (JSE). Most of the funds will flow from…
Business
July 1, 2026 by Neville Graham

Jetour dealer lashes out
TWA Automotive has moved to stamp out what it says is misinformation surrounding the sale of Jetour vehicles in the Caribbean, declaring that it remains the sole authorised distributor and dealer for…
June 21, 2026 by Neville Graham

Kintyre enters EV market through share issuance, diluting existing shareholders
Kintyre Holdings (Ja) Ltd has acquired a majority stake in an electric vehicle (EV) dealership in a deal expected to reach $100 million, financed through the issuance of new shares, marking the…
June 14, 2026 by Neville Graham

Jamaica can run totally on renewables, says Uruguay expert
Jamaica can run fully on renewable energy, according to the architect of Uruguay's landmark energy transition, who urged the island to move beyond incremental targets. "I will assure you…
June 10, 2026 by Neville Graham

Hambani wrapping up
The long-delayed Hambani housing development is nearly done, First Rock Real Estate Investments has confirmed, ending a long-running saga. “The project is 90 per cent complete,” according to the…
June 7, 2026 by Neville Graham

SVL to rollout cards for summer 
Technology and entertainment company Supreme Ventures Ltd is targeting summer for the rollout of a digital wallet and a Mastercard-certified debit card that it says could reshape how the business…