Carib Cement is reporting one of their BEST quarterly results EVER! ๐Ÿ™Œ๐Ÿš€

โ€ข Profit of J$1.5 Billion in 3 months

โ€ข More than 3 times the amount they made in Jan to Mar last year ๐Ÿ˜ฒ

โ€ข Sales up 31%. Company almost hit $6 Billion in sales for the quarter.. a BIG achievement
To be seeing such strong top-line growth.. Worst in these times is impressive

Company says they are
โ€ข seeing increased sales volumes๐Ÿ‘Œ
โ€ข managing their costs๐Ÿ‘
โ€ข Improving their efficiencies, plus
โ€ข Benefiting from investments made over the last few years
Company also says...
โ€ข Local demand for cement remains STRONG!๐Ÿงฑ
โ€ข They expect continued optimism in the construction sector๐Ÿšง๐Ÿ‘ท
โ€ข There are many govt infrastructure projects
โ€ข Many private development projects
โ€ข Vaccine programme will lead to reopening
... and they are well equipped to meet increasing demand for cement locally!

โ€ข โ€ข โ€ข

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More from @MoneyMax101

1 May
Fosrich๐Ÿ’ก๐Ÿ”Œโšก๏ธ๐Ÿ‘จโ€๐Ÿ”ง continues to see strong growth in their business๐Ÿ‘๐Ÿ‘Œ

โœ…Sales up 22% vs last year
โœ…Profits of $38m vs $4.8m last year

Well done.
But... Image
...before I state that the profit was 8 times the amount made last year this time.... the truth is... last year's profit was lower than normal

Q1 last year, profits were actually down 85% as they had to cover increased expansion costs.... not a bad move either
The key story is the continued growth in Sales as they've seen higher 'profits' before... more than $50m in a quarter

They saw increased sales for
โœ”๏ธElectrical lighting
โœ”๏ธHardware
โœ”๏ธLED
โœ”๏ธPanels
โœ”๏ธPVC
โœ”๏ธSolar & wiring devices
Read 4 tweets
23 Apr
The ๐Ÿ‡ฏ๐Ÿ‡ฒ Market is enjoying an IMPRESSIVE RUN๐Ÿš€

Read more to see WHY, and to see what's HOT ๐Ÿ”ฅ right now๐Ÿงต

Big Picture ๐Ÿ‘‰ The overall JSE has seen a STRONG rebound and is now up 3% YTD, a big deal for the market, as it has struggled to break positive for most of the year ๐Ÿ™Œ Image
What happened?

There has been continued momentum over the last few days and weeks

โ€ข The overall market is up 9 days straight... Its most consistent run in a while๐Ÿ”ฅ

โ€ข This was also a BIG week... with the market up 1.44%... almost twice its best weekly performance since Feb
โ€ข This is also the biggest MONTH since a slight recovery started in February

The JSE is now up 3 months straight!๐Ÿ”ฅ

You can dive into all the index details here moneymax101.com/index/ticker/Jโ€ฆ

Lets dig deeper
Read 8 tweets
22 Apr
Supreme Ventures is reporting increased sales for Q1 Mar 2021

Management says it is a truly historic quarter for the group against 12 months of Covid's economic impact and new competition

Sales up 33% ๐Ÿ‘Œ
Profits down 18%๐Ÿ˜–

But..
...here's some of what I've noticed and you can let me know what you think

Sales are up yes, but...

โ€ข They've had to pay higher prize amounts. Prizes for the qtr up 40%

Cashpot payouts for instance are up 17% from $260 to $305 for every $10 bet
โ€ข They've also had to pay to maintain partners etc

So Gross profit is ๐Ÿ”ป 12% due to higher amounts paid to partners and regulators
Read 4 tweets
22 Apr
BARITA makes J$1 BILLION in profits 2 quarters straight!!!๐Ÿš€๐Ÿ‘Œ๐Ÿ™Œ

For their 2nd quarter ending March 2021 Barita's impressive performance continues

โ€ข Net Interest Income Up
โ€ข Fee & Commission income Up๐Ÿ”ฅ
โ€ข FX gains up๐Ÿ”ฅ
โ€ข Investment gains down

Profits After Tax of over One Billion Jamaican Dollars even with increased staff costs & admin expenses
The transformational story around this company is remarkable and should not be missed

That and their consistence. Look at the growth

3 years ago in 2018 Q2 they reported 88m in profits ๐Ÿ˜‚
2 years ago 2019 Q2 408m
1 year ago 2020 Q2 510m

Impressive
Read 4 tweets
21 Apr
Sandals Resorts is adding three new hotels to its Jamaican roster

Sandals is a luxury all-inclusive resort company in the Caribbean

They will transform under the Sandals and Beaches brands the following properties
Two all-inclusive resorts in Jamaica acquired last year

1. The former Jewel Dunn's River Beach Resort & Spa in Ocho Rios and

2. Jewel Runaway Bay Beach Resort & Waterpark

Plus

3. A prime parcel of beachfront land adjacent to the Ocho Rios resort
Playa Hotels & Resorts sold the Jewel properties last year May for US$60 million in cash

... at the time speculation was high that Sandals was the acquirer of the properties
Read 4 tweets
20 Apr
Jetcon has finally released their results for 2020

We don't have to say it... Management says it was one of their worst years ๐Ÿ˜–.. Unprecedented

Sales ๐Ÿ”ป 38%
Expenses ๐Ÿ”ป 6%
Loss of $6.7m
Despite that, management says Jetcon continues to be in good financial shape, with no outstanding loans and strong inventory

Based on my calculations...
Sales are picking up as they sold over $160m in Q4 (Dec) much more than $86m in the June quarter...
...but, still nowhere close to the mid $200m to $300m they would make per quarter in sales

Covid was unforeseen, but that aside, JETCON's sales have been declining quarterly for the last 9 quarters, since 2018 Q3

They've made a loss for ~9 of the last 10 quarters
Read 4 tweets

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