A PHP Error was encountered

Severity: Warning

Message: fopen(/home/radiojamaicanewsonline.com/public_html/system/sessions/ci_session23jev0vpqkvlejb15dq7rsgup13st2nh): Failed to open stream: No space left on device

Filename: drivers/Session_files_driver.php

Line Number: 177

Backtrace:

File: /home/radiojamaicanewsonline.com/public_html/application/core/MY_Controller.php
Line: 7
Function: __construct

File: /home/radiojamaicanewsonline.com/public_html/application/controllers/Story.php
Line: 7
Function: __construct

File: /home/radiojamaicanewsonline.com/public_html/index.php
Line: 315
Function: require_once

A PHP Error was encountered

Severity: Warning

Message: session_start(): Failed to read session data: user (path: /home/radiojamaicanewsonline.com/public_html/system/sessions)

Filename: Session/Session.php

Line Number: 137

Backtrace:

File: /home/radiojamaicanewsonline.com/public_html/application/core/MY_Controller.php
Line: 7
Function: __construct

File: /home/radiojamaicanewsonline.com/public_html/application/controllers/Story.php
Line: 7
Function: __construct

File: /home/radiojamaicanewsonline.com/public_html/index.php
Line: 315
Function: require_once

FosRich Reports Higher Profit Of $44.89 Million In Q2 | RJR News - Jamaican News Online
Advertisement

FosRich reports higher profit of $44.89 million in Q2

Local electrical and PVC manufacturing company FosRich is reporting a higher profit of 44.89 million for it second quarter ended June 2024.
 
In the comparative period ended June 2023, the company made $40.77 million.
 
This was supported by lower costs associated with sales, along with increased "other income".
 
However, for the six months ended June 2024, FosRich made lower post tax earnings of $77.88 million compared with the $162.5 million last year.
 
This was in the context of lower overall revenues and higher finance costs.
 
In the second quarter, FosRich saw lower revenue of $884.63 million, versus the $940.85 million made in the second quarter last year.
 
During the second quarter, FosRich says it acquired Bayside Hardware in Montego Bay, and it opened a new location in Drax Hall, St. Ann.
 
The construction of its new FosRich Superstore & Corporate Offices at 76 Molynes Road is projected to be completed in the current Juy to September quarter.
 
Fosrich says the current-year's numbers are affected by the substantial fall in PVC and solar panel cost on the world markets, in addition to the slowness in housing-starts locally.
 
This is linked to higher interest rates.


comments powered by Disqus
Most Popular
Inter-ministerial committee set up to devise...
Scotiabank: Fraud attempts affecting some...
Lawyer facing fraud charges for real estate...