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31/01/08

RBTT records nine-month pre-tax earnings of US$145 million

Peter J. July, Group Chairman, RBTT Financial Holdings Limited, has announced that the Group recorded pre-tax earnings of US$145 million for the nine-month period ended December 31, 2007, an improvement of 5% over the corresponding period last year. The profit attributable to shareholders of US$107 million was affected by a higher effective Group tax rate,


26/01/08

Don’t fall into the trap of self pity – Just get on with business!!!

In my first article this year, I made the point that the Year 2008 will be Fantastic! Then I asked the questionnaire you ready? I am confident that many people are better off financially than they were this time last year. Many have great prospects ahead of them and they will be having their best year ever.

CMMB Market WRAP

Equity trading was limited last week on the ECSE as fewer than 8000 shares traded. Shares of SKNB traded firm while Dominica Electricity Services traded down 3 cents. ECFH also traded down for the week. In the bond market, the Government of St Lucia successfully auctioned $16 million dollars of 7.5%,

 

SMALL BUSINESS CORNER

While the debate is raging on all sides regarding the price hike in the cost of fuel, it is necessary for small businesspersons not to be caught up in discussions about the impact of this increase upon their bottom line but rather to address the issues that are necessary to stay competitive. It is clear that the increases on fuel and related products were necessary.

Local construction firm makes $20M upgrade to increase capacity

CIE and RG Quarry, the island’s fastest growing construction concerns, have begun the New Year with a multi-million-dollar line of new equipment that places them on the front line to meet the challenges of 2008 and beyond. The company, which employs hundreds of workers at its various sites island-wide, late last year invested over EC $20 million (approximately US $8 million) to purchase a new line of modern equipment to add to its existing extensive range.


 

   
 
     
 

 
 

 
 
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