Chairman’s Report: results at 31, December 1996 Dyoll has, like many other companies in Jamaica, been affected by the Government’s economic policies. Government must be commended on the dramatic reduction in inflation but the methods used to achieve this, together with other policy measures, has left the local financial sector in a weakened condition. In […]
The Board of Directors has recommended that a Final Dividend for 1996 of ten cents per share be paid to ordinary shareholders on September 19, 1997. Record date is September 5, 1997, subject to approval at the annual general meeting. The proposed date for the AGM is August 21, 1997.
At the Board meeting on May 26, 1997 Mrs. Eleanor Henry was appointed a Director to replace David Bishop who had resigned.
Desnoes and Geddes on April 2, 1997 announced 1996 profit before tax of J$28 million compared to a loss of J$112 million for 1995. Turnover increased by J$966 million on the previous year to J$5.581 billion for 1996. Earnings per share improved to a loss of (16) cents compared to a loss of (64) cents […]
At a meeting of the Directors on May 29, 1997 an interim dividend of three cents (Bds.$0.03) was declared on the common shares of the company.
Dyoll Gp. Ltd., certain of its stockholders, Dyoll Life Ltd. and FINSAC Ltd. proposed to sign an agreement whereby FINSAC Ltd. is to subscribe for 16,144,254 ordinary stock units of Dyoll Gp. Ltd. at a price of $2.30 per stock unit. Under the agreement Dyoll Gp.Ltd. will invest the proceeds of the subscription monies in […]
The Board of Directors will meet on May 29, 1997 to consider inter alia, a recommendation for the payment of an interim dividend to the shareholders of the company.
An extra-ordinary general meeting will be held at the Terra Nova Hotel, 17 Waterloo Road, Kgn. 10 at 9 a.m. on June 17, 1997. Among the resolutions to be considered are: that the authorised share capital of the company be increased from $8 million to $231 million by the creation of 8.9 million additional ordinary […]
Note: FINSAC was incorporated as a limited liability company on January 29, 1997 as the vehicle to address the liquidity problems and others being experienced within the financial sector and specifically the insurance and banking sector.
BNS and its subsidiaries recorded a good second quarter performance, reporting net profit after tax of $377 million for the three months ended April 30, 1997, taking the net profit for the six months ended then to $848 million compared with $719 million for the same period last year. This quarter’s profits was $94 million […]