Stationery and Office Supplies Limited (SOS) and Salada Foods led weekly gains on the Jamaica Stock Exchange (JSE) arising from positive quarterly results. Both stocks hit record highs during the week with a slight tempering in price at the end but still rallying hard. SOS gained 18 per cent to close at $8.91 led by the release of first-quarter results up 47 per cent year on year to $45 million. It was followed by Salada up 14 per cent to close $13. Salada released second quarter results with profit increasing 91 per cent year on year to $53.5 million. During the trading week, the JSE Combined Index declined by 3,016.09 points (0.99 per cent) to close at 305,942.30. The JSE Index declined by 2,922.92 points (0.98 per cent) to close at 298,408.49. The JSE All Jamaican Composite Index declined by 3,208.09 points (0.98 per cent) to close at 327,520.83. The JSE Select Index declined by 163.23 points (1.82 per cent) to close at 8,953.23. The Junior Market Index declined by 30.12 points (1.04 per cent) to close at 2,893.95. The JSE USD Equities Index advanced by 9.46 points (5.43 per cent) to close at 174.28. Overall Market activity resulted from trading in93stocks of which34advanced,22declined and37traded firm. Market volume amounted to42,629,771units valued at over$473,228,280.74.Caribbean Producers Jamaica Limitedwas the volume leader with7,958,521units(18.67per cent)followed by Lasco Manufacturing Limited with6,936,123units(16.27per cent)andIronRock Insurance Company Limitedwith3,329,039units(7.81per cent).

Jetcon Corporation, dealers of pre-owned cars, delivered a 21 percent increase in first-quarter profit to $44.5 million versus $37 million in 2017. Jetcon enjoyed another quarter of growth in revenues and profit for the first quarter ended March of this year compared with the similar quarter in 2017. "The performance continues the improvement experienced over the last two years," said the company. What's more, the outlook also remains strong with sales for the period after the quarter, ahead by 12 percent year on year. “This points to positive outcome for the June quarter, barring any unfavourable developments,” said Jetcon. Revenues grew 18 percent to $308 million compared to 75 percent in the first quarter ending March 2017. The growth for the quarter was in line with the increase in the December 2017 quarter, and slightly lower than the September quarter of 24 percent increase, as well as the June 2017 quarter of 52 percent, said the company. Jetcon enjoyed a slight growth in gross margin during the quarter. The inventory of motor vehicles and parts increased by 14.2 percent since March 2017, to reach $335.6 million. This represented a continuing strategy to increase choice for customers and sales. Total receivables amounted to $22 million and include amounts deposited with suppliers for goods. The implementation of the pre-inspection initiative for the importation of all used cars has lengthened the delivery time for vehicles by a few weeks, but Jetcon does not expect any adverse effects on sales, as any delays in shipment are covered by current levels of inventory. Jetcon also sees opportunities to supply other dealers with stock, whose inventory may not be sufficient to outlast the delays. Jetcon will host its annual General Meeting on June 26 at the Knutsford Court Hotel in Kingston. The directors have also approved a dividend of 3.5 cents per share payable in July.

After a brief hiatus, Cardi B has returned to Instagram by announcing a new music video. The mom-to-be seemed to be in better spirits, telling her fans on Monday to look out for the music video for her second single, "Be Careful". "'Be Careful' video coming tomorrow on my youtube page. Love ya," she wrote. The preview clip for thetrackshowsCardistanding at the altar in a wedding dress before hinting at what's happening outside the church doors. {"preview_thumbnail":"/sites/default/files/styles/video_embed_wysiwyg_preview/public/video_thumbnails/ytABWDI6kBU.jpg?itok=vLoqRyQ4","video_url":"","settings":{"responsive":1,"width":"854","height":"480","autoplay":0},"settings_summary":["Embedded Video (Responsive)."]} The rapper made headlines when she deleted her Instagram account last weekend after issuing a response toAzealia Banks, who threw some major insults at her in an interview. Outside of the new video announcement, the majority of Cardi's posts have been throwback videos to her days before becoming a chart-topping rapper. Look out for the full video when it premieres on YouTube.

Tommy Lee Sparta

Dancehall artiste Tommy Lee Sparta was detained by members of the Counter-Terrorism and Organised Crime Investigation Branch (C-TOC) on Saturday night. "We had left Magnum and headed up to the Manor Park ATM and when we got out, pure masked men surrounded wi wid gun inna wi face say dem come fi Tommy," a source told Loop News reporter, Claude Mills. The cops reportedly did not reveal why they detained the deejay. Efforts to get a comment from his attorney, Ernie Smith were unsuccessful. Tommy Lee, whose real name is Leroy Russell, is presently facing lottery scamming charges. He was charged in 2014 under the Law Reform Fraudulent Transaction Special Provisions Act. The artiste is known for songs such as 'Some Bwoy', 'Warn Dem' and 'Dismiss', as well as recent ‘diss’ songs aimed at rival artiste, Jahmeil, with whom he has been feuding. For breaking news, download our app at Android; and at IoS.

Double Olympic sprint champion Elaine Thompson poses following her victory in the women's 100 metres at the Jamaica International Invitational Meeting at the National Stadium on Saturday night.

National 100-metre record holder Elaine Thompson says an achilles injury is denying her the chance to return to her best. The 25-year-old was at her best at Rio 2016when she became thefirst woman in 28 years to win the Olympic sprint double. Thompson confirmed her achilles injury after she recovered from a slow start at the National Stadium on Saturday night to easily win the women's 100 metres at the Jamaica International Invitational Meeting (JIIM), the opening leg of the 2018IAAF World Challengeseries. Thompson trailed training partner Christania Williams at the halfway stage before going into overdrive to cross the line in 11.06 seconds (-0.3 m/s). “I wanted to get a faster time,” said Thompson. “My start wasn’t great, because I’m still bothered by an achilles injury so it’s hard for me to push from the blocks in the first 30 metres, but I’m still working on it to get into better shape.” Jamaica dominated the race by occupying the first five places. Kerron Stewart (11.25) competing in her farewell race in Jamaica came through on the inside to snatch second in a tight finish a mere 0.01 ahead of Natasha Morrison. Christania Williams (11.35) and Jura Levy (11.38) finished fourth and fifth, respectively. American Tianna Bartoletta finished sixth in 11.43. [image_gallery] Thompson's victory came 11 days after she pulled out of theDiamond League meeting in Shanghai due to what meet organisers called a "physical issue." A week before that Thompson had finished third in the women's 100 metres at the Diamond League meeting in Doha. The meet was highlighted by a world lead and two meet records. However, the USA and Jamaica dominated the action by combining to win 12 of the 17 events. USA ended with seven victories, while Jamaica secured five. American De AnnaPrice produced the world lead and a meet record inthe women's hammer throw, while Nigerian Ese Brume achieved the other meet record in the women's long jump. MEN’S SPRINT WINS FOR BAKER AND TAYLOR In the men’s 100 metres,Ronnie Baker registered 10.00, (2.0 m/s) the third fastest time this season, to lead a US 1-2 finish with teammate Mike Rodgers (10.04). Jamaican Tyquendo Tracey (10.14) rounded out the podium cast. The two other Jamaicans in the race - Oshane Bailey (10.28) and Nesta Carter (10.35) finished fourth and fifth, respectively. Christopher Taylor wins the men's 200m at the Jamaica International Invitational meeting. (PHOTO: Marlon Reid). When world U20 world leader Jamaican Christopher Taylor was announced as a last minute inclusion in the men’s 200m, interest in the event skyrocketed and the race certainly lived up to expectations. Taylor, drawn in lane seven with American LaShawn Merritt on his inside in six and South African speedster Anaso Jobodwana in four, stormed out of the blocks and flew around the top bend to gain a two-metre lead coming into the home straight. Merritt, who came off the curve languishing in fifth, made up considerable ground in the final 50 metres to reel in the entire field except for Taylor who was not entertaining defeat. Taylor outlasted Merritt to score one of his most satisfying wins in 20.49 (0.0 m/s) sending the home crowd into a frenzy. Merritt who was suffering his first loss this season from three starts crossed the line in 20.70 the same time as third place finisher Jobodwana. Jamaican Shericka Jackson successfully chased down world leader Blessing Okagbare-Ighoteguonor in the women's 200 metres.Jackson stopped the clock at 22.55 (+0.4 m/s) to the Nigerian’s 22.66. American Phyllis Francis clocked 22.76 for third place, while Jamaicans Sherone Simpson (23.31) and Simone Facey (23.87) finished seventh and eighth, respectively. Jamaican Demish Gaye defended his men’s 400m title winning in 45.08, the same time as last year. It was a one-two finish for Jamaica as Javon Francis (45.35) accelerated down the straight to move from fourth to second edging Grenadian Bralon Taplin who had to settle for third in 45.41. Jessica Beard ran with assurance from gun to tape to score a good win in the women’s 400m in a new personal best of 50.52, beating his American teammate Jaide Stepter (50.72). The other six places were occupied by Jamaicans with Stephenie-Ann McPherson, finishing third in 50.52. In the women’s 100m hurdles, American Jasmin Stowers (12.83) scored a narrow win ahead of compatriot Kori Carter (12.87). Shimayra Williams was the best of the Jamaicans, finishing fourth in 13.14. Jamaican Janieve Russell reacts after winning the women's 400m hurdlesat the Jamaica International Invitational meeting.(PHOTO: Marlon Reid). Commonwealth Games champions Janieve Russell scored a convincing win in the women’s 400m hurdles in 54.26, almost a second ahead of runner-up American Ashley Spencer 55.23. Leah Nugent of Jamaica finished third in 55.37. T. J Holmes took down some big scalps in the men’s one-lap obstacle event as he streaked away in a season’s best 48.67. Jamaica’s Shawn Rowe was next in 49.12 followed by Olympic champion Kerron Clement in a season’s best 49.37. “It’s my second race of the season and I’m progressing nicely and to me that is all that matters,” said Clement. PRICE NABS FIRST HAMMER THROW CHALLENGE POINTS DeAnn Price of the USA in action at the Jamaica International Invitational Meeting.(PHOTO: Marlon Reid). The IAAF Hammer Challenge Throwwas without doubt one of the highlights of the meet with the charismatic DeAnna Price winning the hearts of the appreciative Jamaican crowd. Price, who was flawless throughout, opened with 73.54m which would have won even if she fouled her next attempts. However, this was her day to shine albeit in overcast conditions. In the second round she produced a mighty swing, launching her hammer high into the evening sky and when it landed some 75.96m away, the distance improved the meeting record by more than two metres and effectively killed the competition. Price wasn’t done yet as the small matter of world lead was still on offer. She duly obliged in the fourth round with another herculean effort of 76.27m. Former meet record-holder Gwen Berry was the best of the rest with 71.32m. There was almost growing disbelief among the home crowd watching Commonwealth Games champions Danniel Thomas-Dodd struggling to reach 18 metres in the women’s shot put. Jeneva Stevens was the only woman to manage the barrier, her last round effort of 18.17m the longest. Thomas-Dodd’s best of 17.96m was still good enough for the runner-up spot. Elsewhere Nigeria’s Ese Brume established a new women's long jump meet record after cutting the sand at 6.82m. In the men's high jump, Jamal Wilson led a Bahamian sweep, topping 2.28m to equal the meet record. Trevor Barry got the nod for second ahead of Donald Thomas after both men could go no higher than 2.25m. For the latestnews, download our app at Android; and at IoS.

Jamaican Elaine Thompson (left) wins the women's 100 metres at the Jamaica International Invitational Meeting at the National Stadium on Saturday night. (PHOTO: Marlon Reid).

Double Olympic champion Elaine Thompson returned to winning ways with an easy victory in the women's 100 metres at the Jamaica International Invitational Meeting (JIIM), the first event of the IAAF World Challenge Series, at the National Stadium on Saturday night. The national record holder powered home in 11.06seconds as Jamaica dominated the race by occupying the first five places. Veteran sprinter Kerron Stewart ran well for second in 11.25. Natasha Morrison (11.26),Christania Williams (11.35) and Jura Levy (11.38) finished third, fourth and fifth, respectively. American Tianna Bartoletta finished sixth in 11.43. Thompson's victory came 11 days after she pulled out of theDiamond League meeting in Shanghai due to what meet organisers called a "physical issue." A week before that Thompson had finished third in the women's 100 metres at the Diamond League meeting in Doha. In the men's equivalent, the USA finished one-two as Ronnie Baker (10.00) outbattled Mike Rodgers (10.04). Jamaican Oshane Bailey finished third in 10.14. For the latestnews, download our app at Android; and at IoS.


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June 02, 2018

Keep Growing Young Professionals Conference

The 2nd staging of Keep Growing Young Professionals conference with the theme: "Employee vs Entrepreneur - Which Path Should You Choose?” Will take place on June 2, 2018 and Knutsford Court Hotel from 9 am - 4 pm. The event will host approximately 200 young employees, entrepreneurs and final year university students, following last year’s success of over 100 patrons. Each ticket costs $5000. The content of the day will focus on the pros and cons of a career as an entrepreneur and/or an employee. Experienced speakers will explore both options and share their journey to personal success. The event will close with a workshop that will allow participants to reflect and measure where their path should lead. There will also be a Live Interview area that your HR department can use to fill job vacancies. Additionally, easy registration for entrepreneurial courses will be available and other offers. The even will be hosted by Debbie Bissoon and promises to be educational, inspirational, motivational and entertaining. Share this event on Facebook and Twitter We hope you can make it! Cheers, Keep Growing Limited