STOCKS

First Caribbean International Bank Records 51% profit increase
First Caribbean International Bank Jamaica Limited recorded a net profit after tax of $309 million for the nine months period ended July 31, 2003, compared to $152 million for the similar period in 2002.
Total revenues increased by 21% or $249 million, in which foreign currency accounted for 50%. Another contributing factor was Net Interest Income.
Return on equity was 25% compared to 14% last year, while EPS was $1.60 compared to 79 cents for the same period the year before.

Trinidad Cement reports improved productivity
Trinidad Cement Limited recorded a $60.4 million net profit for the six month ended June 30, 2003. $40.4 million was earned in the second quarter due to the continuous buoyant cements sales, especially in Trinidad and Tobago and very high plant productivity in Jamaica and Barbados.

To subscribe or have your subsrciption terminated, use the form provided.